JAKARTA (Yosefardi) – Opened higher, composite index of Indonesia Stock Exchange (IDX) returned to red zone one hour into trading. The index lost 0.53% to 5102.
IDX composite index moved in the range of 5095-5149 this morning. Its record high was 5251. IDX, so far, is third best in the region behind Nikkei 225 and Manila.
In the region, Straits Times dropped further by 0.8%, while Hang Seng down 0.13%. All Ordinaries, which also opened higher, slipped 0.06%, while Nikkei 225 cut its gains to 1.59% only.
Bell weather Astra International actually opened higher by 2%, but other blue chip stocks lost ground. Unilever lost 1.24%, while Danamon down 1.74%. BCA, BNI, Charoen Pokphand, PGN, and Gudang Garam were also in red.
Adaro Energy and Bukit Asam also declined further, while Indo Tambangraya gained 0.67%. Semen Indonesia and Holcim also lost ground, while Indocement gained 0.62%.