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View all search resultsJCI down 0.1% at close
The Indonesia Stock Exchange (idx
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The Indonesia Stock Exchange (idx.co.id) (idx.co.id)
The Indonesia Stock Exchange (idx.co.id)
The Jakarta Composite Index (JCI) fell 4.24 percent, or 0.1 percent, to 4,376.08 in Monday's final trading session.
On the Indonesia Stock Exchange (IDX), 4.99 billion shares worth Rp 3.66 trillion (US$253 million) were traded on Monday, kontan.co.id reported. Six out of 10 sectoral indices closed lower, with the index of the industrial sector suffering the biggest loss, falling 0.97 percent. Meanwhile, the index of companies in the infrastructure sector recorded the biggest gain, growing 0.73 percent.
The three worst performing stocks were: PT Indocement Tunggal Prakasa (INTP), which dropped by 4.26 percent to Rp 18,000; PT Indofood CBP Sukses Makmur Tbk (ICBP), which fell 3.28 percent to Rp 12,525; and PT Matahari Putra Prima Tbk (MPPA), which weakened by 3.13 percent to Rp 2,170.
Among the top performers were: PT Tower Bersama Infrastruktur Tbk (TBIG), which was up 5.14 percent to Rp 6,650 at close; PT Siloam International Hospitals Tbk (SILO), which rose by 1.93 percent to Rp 14,500; and PT PP London Sumatra Tbk (LSIP), which grew by 1.65 percent to Rp 1,230.
Regionally, stock markets closed lower on Monday. The MSCI Asia Pacific Index was down by 2 percent and the S&P 500 Future Index declined by 0.3 percent. Meanwhile, the S&P ASX 200 Index dropped by 2.4 percent in Sydney, the Hang Seng Index was down 1.1 percent and the Seoul Kospi slipped by 1.5 percent.
Experts said such massive drops were triggered by the US Federal Reserve's (Fed) uncertainty around its benchmark interest rate hike.
Last week, the US central bank delayed its plan to raise its fund rate. A Fed fund rate hike is considered 'rational' as the US has recorded improved economic data. The recently released US unemployment data and economic data, which both are positive, show that the world's biggest economy is growing as expected. (ags/ebf)
