JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.17% at 5061 Wednesday (November 5) following regional markets amid concerns over falling oil prices and economic growth.
The index gained in morning trade but the selling in afternoon trade turned it into negative territory.
Investors in local bourse concern on the planned hike of the subsidized fuel price by the central government this month.
Adaro Energy fell 3.5%, Bank Negara Indonesia declined 2.1%, Lippo Karawaci dropped 3.26%, London Sumatra shed 2.3%, and Timah slashed 1.24%.
Other losers were Bank Tabungan Negara (-2.17%), Adhi Karya (-4.34%), Wijaya Karya (-2.1%), and Global Mediacom (-1.26%).
While Astra International gained 2.58%, Multipolar rose 1.69%, and Hanson International hiked 1.57%.
Nymex’s crude oil fell 0.65% to US$76.69 per barrel and gold dropped 1.89% to US$1,145.60 per ounce. The rupiah strengthened to Rp12,092 against the US dollar.