JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.67% to 4,403 on Tuesday (July 9), while regional markets closed in green.
IDX opened higher today but profit taking emerged 30 minutes later, pushed the index into negative territory. While Japan’s Nikkei and Australia’s All Ordinaries rose 2.58% and 1.44% respectively.
In Jakarta bourse, property stocks led market’s fall. Lippo Karawaci dropped 5.13%, Bumi Serpong Damai lost 7.33%, Sentul City shed 4.17%, Pakuwon Jati declined 1.56%, while Alam Sutra closed flat.
Banking stocks were also hit by profit taking. Bank Rakyat Indonesia fell 0.68%, Bank Negara Indonesia declined 0.65%, Bank Mandiri down 0.66%, Bank Bukopin fell 1.52%. While Bank Central Asia gained 1.65%.
Other losers were Perusahaan Gas Negara (-2.65%), Bumi Resources (-2.06%), Adaro Energy (-2.63%), Trada Maritim (-0.72%), Waskita Karya (-2.99%), Wijaya Karya (-3.98%), and Hanson International (-1.54%).
Bank Mitraniaga surged 69% to 305 per share in its trading debut today while Cipaganti Citra Graha lost 8.42% to Rp174 per share in its trading debut today.
Nymex’s crude oil declined 0.16% to US$102.98 per barrel. The rupiah was traded flat at Rp9,960 against the US Dollar.