Indonesia Stocks Posts Lower; IDX Composite Index Down 1.57%

Indonesia stocks posted lower during the course of Friday’s session, fueled by declining shares in the sectors of Consumer Industry, Manufacturing and Infrastructure.

The IDX Composite Index has seen 1.57% loss at the close in Jakarta.

Among the best performers amid IDX Composite Index’s session were Ictsi Jasa Prima Tbk, which rallied by about 34.95% or 36 points to changed hands at 139 in late trade. Tifico Fiber Indonesia Tbk gained 24.29% or 170 points to settle at 870 and Mitra Komunikasi Nusantara Tbk PT rose 23.35% or 92 points to 486 at the close.  

Siloam International Hospital is one of the worst performers amid session, which lost about 10.32% or 1125 points to settle at 9775 in late trade. Hm Sampoerna Tbk dipped 9.70% or 390.00 points to settle at 3630.00 and Bank of India Indonesia Tbk tumbled 9.38% or 180 points to 1740 at the close.  

Declining stocks outnumbered increasing ones on the Jakarta Stock Exchange with a range between 176 to 147 and 87 remained unchanged.

Sampoerna Tbk stocks declined to all time session lows, which dipped 9.70% or 390.00 to 3630.00 in late trade. Meanwhile, Bank of India Indonesia shares dropped to 52-week lows, which declined 9.38% or 180 to 1740.

Crude oil delivery in September lost about 0.63% or 0.26 to end the session at $40.88 a barrel. In commodities trading, Brent oil delivery in October tumbled 0.81% or 0.35 to settle at $42.88 a barrel, while Gold contract in December dipped 0.07% or 0.95 to changed hands at $1340.25 a troy ounce.

USD/IDR rallied 0.19% to 13098.0, while AUD/IDR lost 0.41% to end the session at 9812.85.

The US Dollar Index declined 0.46% at 96.25.

Win Streak May End For Indonesia Shares?

In other news, Indonesia stock was broadly higher in four consecutive sessions, climbing over 100 points or 1.9 percent within the day.   

The Jakarta Composite Index remained flat at 5,300 points, suggesting market players could lock in gains on Friday.

The global estimate for the Asian markets had mixed results, led by several inconsistent reports in earnings and weaker economic data. Meanwhile, the European markets remained sluggish, while the U.S. markets were mixed but slightly changed.  

The JCI posted higher at the close of Thursday’s session, following gains from the sectors of resource and food. Elsewhere in financials, it had mixed results.

Astra Agro Lestari is among the actives, which gained 0.34 percent, while Vale Indonesia rose 4.53 percent, Bank Negara Indonesia rallied 0.47 percent, Bank Danamon slipped 1.37 percent, Indofood Sukses added 5.63 percent and Indocement climbed 1.33 percent.

Further, the Dow remained flat at 15.82 points or 0.1 percent to end the session at 18,456.35, while the NASDAQ rallied 15.17 points or 0.3 percent to 5,154.98 and the S&P 500 increased 3.48 points or 0.2 percent to end at 2,170.06.

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