JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.4% at 5001 Tuesday (October 28) while Asian shares were pushed higher ahead of Fed meeting.
Some domestic investors were still upset with the cabinet lineup. Others were also worried that President Jokowi and his cabinet might not be able to push economic reform through, including the planned hike of subsidized fuel price.
Nymex’s crude oil declined 0.34% to US$79.92 per barrel in Asian trading this morning while gold inched up 0.01% to US$1,229.40 per ounce.
Telkom dropped 4.28% after reporting slower revenue growth in first nine months of 2014. Revenue only grew by 7.1% while net profit increased 3.9%.
Bank Tabungan Negara also declined 2.64% as its net profit collapsed almost 47% in first nine months of 2014 due to falling net interest income.
Other losers were Adaro Energy (-1.44%), Bumi Resources (-3.55%), Bank Negara Indonesia (-1.32%), Jababeka (-1.1%), and London Sumatra (-1.1%).
Adhi Karya also lost 3.07%, Waskita Karya fell 1.58%, Wijaya Karya shed 1.38%, and Multipolar slashed 2.08%.
Nymex’s crude inched down 0.04% to US$80.97 per barrel and gold inched down 0.04% to US$1,227.30 per ounce. The rupiah weakened to Rp12,158 against the US dollar.