JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.18% at 4714 Tuesday (July 28), led by banking stocks. Regional markets also mostly closed in red on China concern.
Bank Rakyat Indonesia lost 3.84%, Bank Negara Indonesia fell 2.16%, Bank Central Asia dropped 3.35%, and Bank Mandiri shed 1.83%.
Astra Agro also dropped 4.77%, London Sumatra lost 5.28%, Aneka Tambang slashed 3.64%, Bumi Serpong Damai lost 4.83%, Lippo Karawaci declined 3.42%, Charoen Pokphand shed 4.62%, Gudang Garam fell 4.05%, XL Axiata lost 6.39%, and Jababeka declined 3.4%.
Other losers were Wijaya Karya (-3.58%), Pakuwon Jati (-4.94%), Multipolar (-3.28%), and Bumi Resources Minerals (-8.77%).
While Adaro Energy gained 8.1%, Bukit Asam rose 2.39%, Indo Tambangraya increased 1.5%, Indika Energy hiked 1.69%, AKR Corporindo lifted 2.1%, Adhi Karya gained 2.37%, and Garuda gained 1.67%.
Nymex’s crude oil fell 0.84% to US$47.45 per barrel and gold declined 0.15% to US$1.094.80 per ounce. The rupiah weakened further to Rp13460 against the US dollar.