JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.5% at 5288 on Monday (May 25) following regional markets.
Asian shares edged higher on Monday but gains were capped by concerns that market volatility may intensify as the U.S. central bank prepares to raise interest rates for the first time in six years, Reuters reported.
Alam Sutera dropped 3.08%, Sentul City fell 2.8%, Bumi Serpong Damai declined 1%, Bank Rakyat Indonesia shed 1.98%, Bank Mandiri lost 2.4%, and Bumi Resources slashed 2.2%.
Other losers were XL Axiata (-2.96%), Vale Indonesia (-1.45%), Jasa Marga (-1.9%), Jababeka (-2.4%), Telkom (-1.39%), and United Tractors (-2.79%).
While Unilever Indonesia gained 1.43%, London Sumatra rose 2.4%, Eagle High Plantation jumped 13.86%, Charoen Pokphand hiked 2.65%, Astra Agro lifted 1.53%, Japfa Comfeed jumped 5.6%, Visi Media surged 4.74%, and Multipolar advanced 2%.
Nymex’s crude oil fell 1.1% to US$61.30 per barrel while gold rose 0.1% to US$1,204 per ounce. The rupiah weakened to Rp13,186 against the US dollar.