Banking stocks drag down JCI by 1.01% to 3,747.71

JAKARTA: Indonesian stocks plunged 38.38 points or 1,01% to 3,747.71 at 4 p.m. today from 3,784.66 at opening, led by banking stocks.Jakarta Composite Index (JCI) extended its drops in the morning session and reached 3,728.98 earlier.Amongst 418 stocks
Wandrik Panca Adiguna | 10 Desember 2010 09:35 WIB

JAKARTA: Indonesian stocks plunged 38.38 points or 1,01% to 3,747.71 at 4 p.m. today from 3,784.66 at opening, led by banking stocks.Jakarta Composite Index (JCI) extended its drops in the morning session and reached 3,728.98 earlier.Amongst 418 stocks traded in Indonesian Stock Exchange (IDX), 62 rose, 158 fell and 198 unchanged.The drops in the index led by Bank Rakyat Indonesia, which slid 5.10 points, followed by Astra International (-4.59) Bank Negara Indonesia (-3.86) and Telekomunikasi Indonesia (-3.61).Meanwhile the shares restraining the index from plunging deeper included Media Nusantara, which surged 1.47 points, followed by Bhakti Investama (+0.64), PT Matahari Putra (0.60) and PT Multipolar Tbk (+0.55).Eight of nine sectors in IDX contributed negatively to the index.Finance sector became the motor of the retreats in the index by contributing 37.53%, followed by infrastructure utility and transportation (23.29%), basic industry and chemical (13.70%) and mining (9.10%).As JCI plunged, BISNIS 27 Index also fell 4.80 points to 332.22 at closing today from 336.81 at opening. BISNIS 27 Index moved within the range of 330.32-336.81. (t04/wiw)

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