JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) dropped 1.3% to 4140 this morning 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%.
Minutes into the closing of morning session, the index dropped as much as 1.46% to 4130.
Almost all blue chip stocks lost ground led by Charoen POkphand (-6%) and BNI (-4.6%). Astra also down 2.5%, while Telkom and Unilever Indonesia lost 2.3% and 1.8% respectively.
Indofood Sukses Makmur (INDF) dropped deeper by 7.7% following reports about possible acquisition of all issued shares of China Minzhong Food.