In Jakarta Jakarta Composite Index lost ground on Wednesday, decreasing 13.83 points, or 0.4 percent to 3,578.95, as the property and raw materials, stocks fell.
Some 13,7 billion shares worth Rp 6.46 trillion ($ 725 million) changed hands than Decliners. winners with 132-82.
Saiful Adrian, an analyst at Ciptadana Securities, said the market was due for a pullback, and Chinese rate rise provided the catalyst.
China's Central Bank surprised Tuesday with his first day hikes interest rates in almost three years, a move that reflects its concern about the rising prices on the domestic market, active and inflation.
It raised the benchmark one-year deposit and lending rates by 25 basis points each.
Bakrieland development, Indonesia's second-largest property developer by assets, plunged 9 percent.
Its shareholders are planning to sell a 6.6 percent stake for estimated 463.7 billion Rp through a private placement, reported the daily Investor Indonesia.
Developer Bumi Serpong Damai raslede 16 percent, its sharpest drop since Feb. 25.
The company's plans to lift the Rp 5 trillion in a december rights issues to buy stakes in three companies, including in the rival Duta Pertiwi.
Rupiah fell 0.1 percent to 8,938 to the US dollar as of the close.
It touched the former 8,953, its weakest level since October 5.
Separately, said the Finance Minister Agus Martowardojo measures require investors to hold Central Bank debt over a period of at least 28 days was enough to manage the increasing capital inflows.
The comments come after any other emerging market Nations such as Brazil and Thailand imposed measures to try to curb strong inflows, pushing up their currencies.
"We know there are surging capital inflows but there is no concern of a sudden turn of events.
Bank Indonesia has a policy to keep SBIs for at least a month, we think this is enough for now, "said Agus.?
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