JAKARTA (Yosefardi) – Composite index of Indonesia Stock Exchange (IDX) ended substantially lower by 3.2% to 4577 Wednesday (July 3rd), dragged down by negative sentiment from global market.
KOSPI and Nikkei 225 ended lower by 1.64% and 0.31% respectively, while Australia’s All Ordinaries plummeted 1.72%.
Hang Seng collapsed 2.48%, while Shanghai slipped 0.61%. S&P BSE Sensex also dropped 1.42% one hour into closing, while FTSE 100 opened lower by 1.64% in London.
Banking, property, and consumer stocks led the downfall. Lippo Karawaci, a giant property developer, dropped almost 10% 30 minutes into closing. Major banks BCA, BRI, and Mandiri down more than 3% each.
Property giants Ciputra Development and Bekasi Fajar Industrial Estate lost more than 9% each 30 minutes before closing. Pakuwon, Lippo Cikarang, Summarecon Agung, and Surya Semesta Semesta dropped more than 5% each.
MNC Group stocks were also under pressures with Media Nusantara Citra (MNCN) dropping more than 8%, while Global Mediacom down 5.4%.