JAKARTA (Yosefardi) – Investors focused selling shares of PT Telekomunikasi Indonesia Tbk (TLKM) and banking stocks Monday (March 10), dragging down the composite index of the Indonesia Stock Exchange (IDX) by 0.18% to 4677.
Asian stocks fell sharply on Monday and the dollar stepped back from its recent highs as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine, Reuters reported.
In Jakarta bourse, Telkom dropped 4.79%, Bank Rakyat Indonesia fell 1.89%, Bank Mandiri declined 0.54%, and Bank Tabungan Negara shed 2.5%.
Other losers were Adaro Energy (-1.48%), Aneka Tambang (-2.65%), Bumi Resources (-1.88%), BW Plantation (-1.78%), Alam Sutera (-1.65%).
Among gainers were Astra International (+3.9%), Bumi Serpong Damai (+1.23%), Lippo Karawaci (+3.9%), London Sumatra (+1.95%), and Waskita Karya (+2.78%).
Nymex’s crude oil declined 1.09% to US$101.46 per barrel and gold down 0.27% to US$1,335.20 per ounce. The rupiah weakened to Rp11,449 against the US Dollar.