JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) dropped further by almost 3% at early afternoon trade as investors worried about high inflation rate.
Opened higher, the index moved volatile in the morning session until the Central Bureau of Statistics (BPS) announced August inflation of 1.12%. At 2.11 pm Jakarta time IDX lost 2.83% to 4,076.20.
Almost all blue chip stocks lost ground. Astra International fell 3.3%, Alam Sutera dropped 5.45%, Bank Rakyat Indonesia shed 3%, Bank Negara Indonesia slashed 7.14%, Bank Mandiri lost 3.5%, Bumi Serpong declined 4.58%, and Charoen Pokphand dropped 7.4%.
Other losers were Indofood (-8.46%), Lippo Karawaci (-6.96%), Kalbe Farma (-3.7%), Perusahaan Gas Negara (-5.56%), Telkom (-2.27%), Media Nusantara Citra (-5.08%), and Matahari Putra (-7.9%).