JAKARTA (Yosefardi) – Profit taking hit local stocks Friday (Nov 15) after gaining 1.5% on Thursday. IDX opened higher this morning but after around 15 minutes of trading profit taking emerged, dragged the index into negative territory one hour before morning close.
The selling intensified in afternoon trade, dragged down the index by 0.89% one our before market close. While regional markets mostly gained more than 1%. Some analysts said investors still concern on the US economic stimulus policy.
In domestic front, BI Rate hike to 7.50% hit sentiment in local stocks. Among blue chip stocks, Astra International fell 2.3%, Alam Sutera lost 3.85%, and Lippo Karawaci shed 4.12%. Other losers were Adhi Karya (-2.3%), Waskita Karya (-2%), and Wijaya Karya (-2.34%).