JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed lower 0.3% at 5237 on Thursday (May 28), reversed its early morning gain as profit taking hit certain stocks.
An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S. Federal Reserve will raise rates this year, Reuters reported.
Astra Agro lost 2.24%, Alam Sutera fell 1.6%, Bank Mandiri shed 1.82%, Bumi Serpong Damai slipped 2.56%, Bumi Resources dropped 6.67%, and United Tractors slashed 4.52%.
Other losers were Krakatau Steel (-3.72%), Bank Tabungan Negara (-1.2%), Adhi Karya (-2.07%), Global Mediacom (-1.15%), Pakuwon Jati (-1.34%), Matahari Putra Prima (-1.69%), MNC Investama (-6%), and Garuda Indonesia (-2.88%).
While XL Axiata gained 1.95%, Indofood rose 1.39%, Unilever Indonesia hiked 1%, Semen Indonesia lifted 1.3%, Japfa Comfeed increased 2.14%, and Surya Citra Media gained 1.69%.
Nymex’s crude oil rose 0.3% to US$57.70 per barrel and gold increased 0.3% to US$1,190.10 per ounce. The rupiah strengthened to Rp13,205 against the US dollar.