JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.49% at 5448 as profit taking hit after recent gains. Trade was volatile with the index moving at range of 5435-5485.
Asian shares fell on Wednesday as investors grew cautious before upcoming central bank meetings and U.S. jobs data, while India’s central bank surprised with its second inter-meeting rate cut this year, Reuters reported.
Astra International fell 1.56%, Alam Sutera declined 2.36%, Bumi Serpong Damai shed 1.83%, Lippo Karawaci slashed 2.14%, London Sumatra fell 1.3%, Perusahaan Gas Negara lost 1.87%, and Telkom down 1.19%.
Coal stocks also fell. Bumi Resources dropped 3.03%, Adaro Energy shed 2.96%, Berau Coal lost 3.53%, and Bumi Resources Minerals dropped 6.98%.
Other losers were Matahari Putra Prima (-4.84%), Global Mediacom (-2.75%), and Wijaya Karya (-1.39%).
Nymex’s crude oil fell 1.07% to US$49.23 per barrel while gold rose 0.57% to US$1,220 per ounce. The rupiah was traded flat at Rp12,963 against the US dollar.