JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended marginally lower 0.2% at 4951 as profit taking hit certain stocks ahead of the market’s close.
The market was volatile with the index moving at range of 4924-4976 during the day trading.
The index moved in red zone during the morning trade but tried to regain since mid morning trade. It then entered into green zone during afternoon trade before dragging down at market close.
Regional markets also closed in red on concern over global growth. Japan’s Nikkei dropped 2.2% Thursday.
At Jakarta bourse, Bank Rakyat Indonesia fell 1.2%, London Sumatra declined 1.4%, Telkom lost 1.75%, Timah shed 2.1%, Aneka Tambang slashed 1%, and Matahari Putra Prima dropped 3.8%.
Investors collected back coal stocks after recent falls. Adaro Energy gained 2.66%, Bumi Resources jumped 5.74%, Berau Coal surged 5.2%, and Delta Dunia rose 2.65%.
Other gainers were Bank Negara Indonesia (+1.36%), Bumi Serpong Damai (+1.36%), Kalbe Farma (+4.05%), Bank Tabungan Negara (+3.6%), Adhi Karya (+5.05%), Waskita Karya (+2.86%), Wijaya Karya (+1.45%), and Hanson International (2.5%).
Nymex’s crude oil fell 1.4% to US$80.63 per barrel and gold declined 0.4% to US$1,240 per ounce. The rupiah strengthened to Rp12,207 against the US dollar.