JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1% at 4132 Monday (Dec 16) inline with most markets in the region.
Adaro Energy dropped 4.3%, Bank Rakyat Indonesia lost 2.86%, Aneka Tambang fell 4.24%, Bank Mandiri shed 2.6%, BW Plantation declined 3%, London Sumatra dropped 6.38%, and Perusahaan Gas Negara down 3.24%. While Bumi Resources soared 27.27%.
Investors are awaiting The Fed’s decision on tapering (stimulus reduction) policy on the meeting scheduled Tuesday and Wednesday this week.
Since US Stimulus launched in 2008, the foreign funds entering Indonesia totaled Rp93.2 trillion as of last year. However, the tapering issue had prompted the foreign investor to book net selling in stocks of Rp16.94 trillion. During this year, foreign net sell had reached Rp20.12 trillion. Last week, foreign net sales totaled Rp412.5 billion.
Nymex’s crude oil declined 0.1% to US$96.50 per barrel and gold fell 0.46% to US$1,228.90 per ounce. The rupiah weakened further to Rp12,105 against the US Dollar.