JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) made a surprise movement ahead of closing Thursday (March 27) as it fell sharply and closed at red zone. Investors sold off shares of Telkom and Bank Mandiri ahead of the market’s close.
The index opened lower at morning trade but only in ten minutes of trading it regained into positive zone.
It consistently made more gains all the day trading before surprisingly experienced a free fall in past 10 minutes ahead of the market close. The index moved at range of 4717-4758. It ended down 0.1% at 4723.
Asian markets were in skittish mood on Thursday following a soft finish on Wall Street and amid simmering tensions over Ukraine, while Chinese tech stocks took a tumble in sympathy with their U.S. counterparts, Reuters reported.
In Jakarta bourse, Bumi Resources dropped 3.85%, Lippo Karawaci fell 4.85%, Bank Mandiri lost 1.83%, and Telkom declined 1.58%. Other losers were Waskita Karya (-1.28%), Matahari Putra Prima (-1.47%), and and Surya Citra Media (-3.25%).
Among gainers were Bank Negara Indonesia (+1.03%), Perusahaan Gas Negara (+1.99%), Jababeka (+1.6%), and Hanson International (+2.34%).
Nymex’s crude oil increased 0.63% to US$92.67 per barrel and gold rose 0.3% to US$1,334.50 per ounce. The rupiah weakened further to Rp11,438 against the US Dollar.