Indonesian stocks further decline at midday

JAKARTA: Indonesian stocks plunged 47.04 points or 1,24% at midday break on banking shares. Jakarta Composite Index (JCI) was traded at 3,739.06 at 11.30 a.m. from 3,784.66 at the opening, led by finance stocks. The index moved within the range of 3,730.71-3,784.66.Of
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News Editor - Bisnis.com 10 Desember 2010  |  05:32 WIB

JAKARTA: Indonesian stocks plunged 47.04 points or 1,24% at midday break on banking shares. Jakarta Composite Index (JCI) was traded at 3,739.06 at 11.30 a.m. from 3,784.66 at the opening, led by finance stocks. The index moved within the range of 3,730.71-3,784.66.Of 418 stocks traded in Indonesian Stock Exchange (IDX), 51 rose and 141 fell.The drops in the index were led by PT Bank Negara Indonesia, which slid 5.51 points, followed by PT Bank Central Asia (-4.37), PT Astra International (-3.87) and PT Unilever Indonesia Tbk (-3.19).Meanwhile the shares supporting the index included PT Media Nusantara, which surged 1.15 points, followed by PT Gudang Garam Tbk (+0.57), PT Bhakti Investama (+0.57), and PT Global Mediacom (+0.33).Eight of nine sectors in Indonesia Stock Exchange (IDX) contributed negatively to the index. Finance sector was the motor of the retreats by contributing 38.80%, followed by infrastructure utility (18.21%), basic industry and chemical (9.86%) and mining (9.78%).As JCI plunged, BISNIS 27 Index also fell 4.77 points to 332.26 at midday break today from 336.81 at opening. BISNIS 27 Index moved within the range of 331.04-336.81. (T04/NOM)

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