JAKARTA (Indonesia Today) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.13% at 4,251.51 on Wednesday (Oct 3) while regional markets closed mixed.
Japan’s Nikkei fell 0.45%, Singapore’s Straits Times slipped 0.15%, Kuala Lumpur’s KLSE inched down 0.08% while Hong Kong’s Hang Seng and Australia’s All Ordinaries gained 0.23% and 0.15%, respectively. Shanghai and Korea markets closed for holiday.
European shares and oil fell on Wednesday after weak data from China and Australia deepened concerns about the global economy, Reuters reported. Nymex crude oil declined 0.53% to US$91.40 per barrel.
Report from Asian Development Bank (ADB) that it is significantly scaling back 2012 and 2013 growth forecasts for developing Asia also dampened sentiment in stock markets, one analyst in Jakarta said.
In Jakarta bourse, Bumi Resources lost 4.23%, Berau Coal dropped 7.88%, London Sumatera slid 6.19%, and Elnusa down 1.69%. While Indonesia Air Transport soared 26.71%, Exploitasi Energi jumped 25%, Ultra Jaya Milk rose 14% and Wijaya Karya gained 10.85%.
The rupiah weakened to Rp9,590 against the US Dollar on Wednesday. (hans@theindonesiatoday.com)