JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.87% at 4234 Friday (Dec 12) in line with regional markets.
Asian shares stumbled to a 2-1/2 month low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy, Reuters reported.
Bank Indonesia decided to maintain its benchmark BI Rate at 7.50% inline with the market’s expectation as the monetary policy is viewed to have controlled the current account deficit.
Among blue chip stocks, Adaro Energy declined 3.28%, Astra International lost 2.33%, Bank Rakyat Indonesia fell 2.72%, Bank Negara Indonesia dropped 3.14%, Bank Mandiri lost 1.92%, Telkom down 1.19%, and Perusahaan Gas Negara shed 2.56%.
Other losers were Bumi Serpong Damai (-1.46%), Lippo Karawaci (-1.1%), Bumi Resources (-1.79%), Trada Maritim (-1.26%), Waskita Karya (-1.09%), and Global Mediacom (-1.55%).
Among gainers were BW Plantations (+2.29%), Multipolar (+2.82%), and Bumi Resources Minerals (-2.08).
Nymex’s crude oil inched up 0.04% to US$97.48 per barrel while gold declined 0.52% to US$1,250.60 per ounce. The rupiah weakened further to Rp12,025 against the US Dollar.