JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.08% at 4451 Tuesday (Nov. 10), but trade was volatile. The index reached its peak at 4518 in the day.
Asian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth haunted riskier assets, Reuters reported.
While Japan’s Nikkei edged up to a 2-1/2-month high on Tuesday in a choppy session after futures were bought in late trade, spurred by positive risk sentiment after last week’s solid U.S. jobs data kept the dollar well bid against the yen.
At the Jakarta bourse, Astra Agro dropped 3.2%, Bank Mandiri lost 3.45%, Charoen Pokphand shed 6.84%, Indofood slashed 3.15%, Kalbe Farma declined 4.86%, Perusahaan Gas Negara lost 3.9%, Timah dropped 5%, and Unilever fell 3.54%.
Other losers were Japfa Comfeed (-5%), Bank Jawa Timur (-3%), Global Mediacom (-6.5%), Multipolar (-3.28%), and Visi Media (-7.14%).
Nymex’s crude oil gained 0.32% to US$44.01 per barrel and gold increased 0.41% to US$1,092.60 per ounce. The rupiah strengthened to Rp13,619 against the US dollar.