JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened in green this morning but it turned to negative territory, dragged down 0.6% to 4849 at 9.23 am Jakarta time, as profit taking hit.
On Friday last week, IDX jumped 3.23% as the buying sentiment was boosted by Jokowi factor. Investors aggressively bought local stocks following announcement of Joko “Jokowi” Widodo as presidential candidate for the July’s presidential race.
This morning, Nymex’s crude oil increased 0.67% to US$98.56 per barrel in Asian trading this morning. Gold rose 0.74% to US$1,379 per ounce.
In Jakarta bourse, investors focused selling banking stocks. Bank Rakyat Indonesia dropped 4.37%, Bank Mandiri lost 3.2%, Bank Central Asia fell 2.7%, Bank Tabungan Negara shed 1.54%.
Other losers were BW Plantation (-1.13%), Kalbe Farma (-1.69%), Telkom (-1.75%), Adhi Karya (-1.8%), Waskita Karya (-1.88%), and Wijaya Karya (-1.6%).
Among gainers were Alam Sutera (+1.57%), Bumi Serpong Damai (+2.96%), Lippo Karawaci (+3.08%), Pakuwon Jati (+1.32%), and Matahari Putra Prima (+2.5%).