JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.16% at 4205 this morning, extending earlier losses. Most markets in the region were also in red zone.
Alam Sutera fell 1.08%, Lippo Karawaci lost 1.12%, London Sumatra declined 1%, and Perusahaan Gas Negara shed 1.05%.
Other losers were Bank Tabungan Negara (-1.08%), Media Nusantara Citra (-0.98%), Pakuwon Jati (-3.7%), and Visi Media (-1.79%).
While investors focused buying shares of giant coal PT Bumi Resources Tbk (BUMI), then the stock jumped 5.45%. BUMI reported it had gained approval from its bond holders to eliminate some articles on bond debt agreement worth US$1 billion, equivalent Rp12 trillion, helping BUMI to escape from default on bond debt settlement.
Also gaining were Bumi Resources Minerals (+2.04%), Borneo Lumbung Energy (+1.74%), Berau Coal Energy (+1.78%), Kalbe Farma (+1.67%), Multipolar (+1.37%), and Hanson International (+2%).
Nymex’s crude oil inched up 0.01% to US$97.50 per barrel in Asian trading and gold increased 0.12% to US$1,226.40 per ounce.