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JCI extends its decline, led by banking stocks

JAKARTA: Indonesian shares extended its decline as it lost 82.14 points at the midday break session, as profit taking hit banking stocks.Jakarta Composite Index (JCI) fell 2.25% to 3,576.17 and moved within a range of 3,570.75 3,657.47.Of 420 stocks

JAKARTA: Indonesian shares extended its decline as it lost 82.14 points at the midday break session, as profit taking hit banking stocks.Jakarta Composite Index (JCI) fell 2.25% to 3,576.17 and moved within a range of 3,570.75 3,657.47.Of 420 stocks traded in the index, almost 3 stocks fell for every share that rose.PT Astra International led the decline with minus 12.08 points, followed by PT Bank Rakyat Indonesia with minus 6.56 points, PT Bank Central Asia with minus 5.83 points, and Unilever Indonesia with minus 5.46 points.Shares that slowed down the decline were PT Bank Sinarmas TB with 0.82 points, PT Bumi Serpong with 0.63 points, PT Bayan Resources with 0.60 points, and PT Sinar Mas Multi with 0.30 points.Almost all sectors traded in Indonesia Stock Exchange (IDX) moved in negative areas, led by finance with minus 35.73%, miscellaneous industry with minus 15.16%, consumer goods with minus 13.74% and mining minus 11.18%The decline also took place at BISNIS-27 Index which fell 9.20 points or 2.85% to 313.03 from yesterdays closing. BISNIS-27 moved between 312.46 and 322.11. (T03/NOM)

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