JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.8% at 5447 on Monday (April 13) led by coal stocks.
A rally in China’s stock markets to seven year highs on Monday kept an index of Asian shares near its highest level since September, as weak Chinese trade data hardened expectations for more economic stimulus measures from Beijing, Reuters reported.
At Jakarta bourse, investors opted to lock in profits in coal stocks after recent gains. Adaro Energy fell 2.05%, Bumi Resources lost 3.53%, Bumi Resources Minerals dropped 8.74%, and Berau Coal lost 5.95%.
Other losers were Bumi Serpong Damai (-3.72%), BW Plantation (-1.82%), Jababeka (-2.1%), Telkom (-1.06%), Bank Tabungan Negara (-1.29%), Media Nusantara Citra (-4.91%), Global Mediacom (-3.52%), Nirvana Development (-4.31%), Visi Media (-6.54%), and Garuda (-2.65%).
Nymex’s crude oil rose 1.88% to US$52.61 per barrel while gold retreated 0.42% to US$1,199.60 per ounce. The rupiah weakened back to Rp12,945 against the US dollar.