JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) fell further by 3.5% on Tuesday (June 11) while the rupiah weakened to Rp9,821 against the US Dollar.
IDX closed at 4,609.95 in line with regional markets. Investors are also disappointed by Bank of Japan’s decision not to implement further stimulus measures.
Worries over slowing growth in China, the world’s second-biggest economy, and the start of a hearing in Germany’s top court about the legality of the European Central Bank’s bond-buying scheme also kept investors in cautious mood, Reuters reported.
In Jakarta bourse, Telkom fell 4.75%, Astra International declined 2.92%, Bank Rakyat Indonesia shed 4.27%, Bank Negara Indonesia lost 3.23%, and Bank Mandiri dropped 2.21%.
Other losers were Waskita Karya (-8.14%), Bumi Serpong (-6.99%), Kalbe Farma (-5.19%), Charoen Pokphand (-4.7%), Wijaya Karya (-9.57%), Global Mediacom (-6.67%), Multipolar (-11.11%), Adaro Energy (-4.65%), and Bumi Resources (-6.78%).
Nymex’s crude oil declined 0.2% to US$95.57 per barrel. The rupiah weakened to Rp9,821 against the US Dollar, a biggest drop since August 2009. The main factor is foreign investors’ pullout of funds amid concern on lack supply of dollar in domestic market.