JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1.45% at 4805 Tuesday (March 18) as profit taking hit, mainly blue chip stocks.
Some blue chip stocks were also focus of selling, Astra International (-2.8%), Bumi Serpong Damai (-1.46%), Bumi Resources (-2.55%), Kalbe Farma (-2%), London Sumatra (-1.5%), Perusahaan Gas Negara (-2.36%), and Telkom (-1.78%).
Some investors realized gains in some stocks after their recent gains, as their attention returned to the basics of valuation and fundamentals of the economy.
Bucking the trend were BW Plantation (+3.8%), Aneka Tambang (+2.27%), and Bank Tabungan Negara (+2.32%).
In two weeks time, market will brace for new economic data, especially the pace of the country’s trade balance.
Nymex’s crude oil inched down 0.09% to US$91.84 per barrel and gold declined 0.7% to US$1,363.30 per ounce. The rupiah was traded flat at Rp11,282 against the US Dollar.