JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 2.15% to 4,074 on Wednesday (Sep 4) following most markets in the region.
Investors opted to sell stocks after President Barack Obama clinched the backing of two key figures in Congress in his drive for limited U.S. strikes on Syria.
While Japan’s Nikkei and India’s BSE regained by 0.54% and 1.43% respectively.
In Jakarta bourse, blue chip stocks led market’s fall. Alam Sutera dropped 7.55%, Bank Central Asia dropped 3.39%, Bank Negara Indonesa shed 4.76%, Bank Mandiri declined 2.86%, Astra International slashed 3.39%, Kalbe Farma lost 4.55%, Lippo Karawaci down 2.83%, and Telkom dropped 4.55%.
Other losers were London Sumatera (-3.09%), Charoen Pokphand (-5%), and Global Mediacom (-2.37%).
While Bakrie Group stocks gained; Bumi Resources Mineral (+5.97%), Berau Coal (+11.8%), and Bumi Resources (+4.65%). Coking coal producer Borneo Lumbung Energi (BORN), partner of Bakrie Group in Bumi Plc, jumped 23.26%.
Nymex’s crude oil fell 0.3% to US$108.20 per barrel. The rupiah dropped further to Rp11,093 against the US Dollar. (yohanneso@yosefardi.biz)