JAKARTA (Yosefardi) – Property stocks became the focus of selling Thursday (Sep 5) along with market sentiment.
Alam Sutera dropped 4.08%, Pakuwon Jati lost 8.77%, Bumi Serpong Damai fell 3.17%, Ciputra Development slashed 5.88%, Ciputra Property shed 5.41%, Lippo Karawaci declined 2.9%, and Modernland Realty down 2.94%.
Compsite index of the Indonesia Stock Exchange (IDX) ended down 0.55%, but closed off its low, as investors sold stocks on concern over the US stimulus pullback.
Reuters reported Russia and China warned on Thursday that the end of the U.S. Federal Reserve’s bond-buying program could have a profound impact on the global economy and urged caution.