JAKARTA (Yosefardi) – Investors focus selling banking stocks this morning following the falls in regional and global markets on new concern over Syria.
Other than global market, there are some domestic factors deserved watching, including special monthly meeting of Bank Indonesia scheduled tommorrow (Thursday). Market observers are speculating Bank Indonesia will have to raise interest rates again to defend the fast-falling rupiah.
At this morning opening trade, Bank Rakyat Indonesia declined 0.76%, Bank Mandiri dropped 3.76%, Bank Negara Indonesia slashed 6.25%, Bank Central Asia lost 4.47%, and Panin Bank shed 5.56%. Bank Tabungan Negara also dropped 4.17%.