JAKARTA (Yosefardi) – Investors focused selling mining stocks this morning, mainly Vale Indonesia (INCO) along with the market’s crash.
INCO dropped 10.62% to Rp1305 at 10.54 am Jakarta time, losing 64% year to date. While Timah fell 7.96% to Rp520. Timah dropped 57.7% year to date.
Aneka Tambang also lost 6.14% to Rp474, falling 55.5% year to date.
Oil and gas procuder Medco Energi also dropped 13.24% to Rp1475 with thin volume trade. Medco has fallen 61% year to date. Energi Mega Persada declined 5.08% to Rp56, falling 44% year to date.
Meanwhile, coal miner Adaro Energy shed 4.29% and losing 55% year to date.