JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.63% at 4510 on Tuesday (August 18) hit by China’s 6% Slump.
Banking stocks led the market’s correction. Bank Negara Indonesia dropped 5.14%, Bank Rakyat Indonesia lost 4.16%, Bank Mandiri declined 2.22%, Bank Central Asia fell 2.08%, while Bank Danamon dropped 10.89%.
Other losers were Astra Agro (-4.97%), Astra International (-3.89%), Alam Sutera (-7.27%), Charoen Pokphand (-3.43%), Vale Indonesia (-4.66%), Indocement (-4.49%), London Sumatra (-4.48%), and Semen Indonesia (-5.73%).
Sri Rejeki Isman also lost 11.05%, Adhi Karya fell 4.32%, Media Nusantara Citra dropped 6.37%, Matahari Putra Prima shed 5.49%, and Garuda Indonesia slashed 6.4%.
Nymex’s crude oil fell 0.97% to US$42 per barrel while gold inched up 0.02% to US$1,118.30 per ounce. The rupiah weakened further to Rp13,831 against the US dollar.