JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.28% at 5130 Tuesday (September 16) but trade was volatile. The index moved at range of 5130-5256.
Global shares slipped to a one-month low on Tuesday as markets braced for a Federal Reserve meeting, Reuters reported.
Speculation that the Fed could raise interest rates sooner and faster than previously expected has rattled share markets around the globe.
At Jakarta bourse, most investors do not welcome cabinet of president elect Joko “Jokowi”, which is relatively similar with SBY’s second term cabinet.
Bank Negara Indonesia lost 1.33%, Bumi Resources fell 1.58%, BW Plantation shed 2.05%, Jababeka slashed 1.49%, and Timah declined 1.9%.
Other losers were Waskita Karya (-1.16%), Wijaya Karya (-1.39%), and Pakuwon Jati (-1.26%).
While Telkom gained 0.72%, Matahari Putra Prima rose 1.54%, Bumi Resources Minerals increased 1.98%, and Berau Coal climbed 2.4%.
Nymex’s crude oil declined 0.23% to US$92.71 per barrel while gold inched up 0.03% to US$1,238.80 per ounce. The rupiah weakened further to Rp11,903 against the US dollar.