JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1.3% to 4437 Friday (Jan 24) as investors locked in profit in some stocks after recent gains.
Asian shares lurched to a 4-1/2 month low on Friday, extending the previous day’s weakness as disappointing Chinese manufacturing data raised concerns over the economy, and emerging and commodity currencies took a beating, Reuters reported.
In Jakarta bourse, blue chip stocks led market’s correction. Astra International dropped 4.04%, the most actively traded stock, Bank Rakyat Indonesia lost 3.45%, Bank Mandiri fell 2.25%, Alam Sutera shed 2.86%, BUmi Resources declined 2.35%, Bumi Serpong Damai dropped 2.37%, and BW Plantation down 1.92%.
Other losers were Jababeka (-1.4%), London Sumatra (-1.4%), Adhi Karya (-1.66%), Waskita Karya (-1.82%), Pakuwon Jati (-3.76%), Hanson International (-2.48%), Visi Media (-1.07%), and Bumi Resources Minerals (-1.7%).gy
Among gainers were Adaro Energy gained 1.46% and Multipolar rose 1.66%.
Nymex’s crude oil inched up 0.3% to US$97.61 per barrel while gold declined 0.37% to US$1,257.60 per ounce. The rupiah was traded flat at Rp12,177 against the US Dollar.