Business · Markets · 4 hrs ago

Indonesia’s IDX Composite falls 3.49% as all sectors decline

Indonesia’s IDX Composite falls 3.49% as all sectors decline

Indonesia’s IDX Composite fell 3.49% on Thursday, closing at 5,098.06 after ending the day at its lowest point.

The index tracks shares traded on the Indonesia Stock Exchange in Jakarta.

During the first session, it was down about 2.64%, and foreign investors sold more shares than they bought.

By the close, all sector indexes had fallen, led by industrials, basic materials and infrastructure.

The day’s decline was broad: 653 shares fell, while 104 rose and 206 were unchanged.

This matters because the fall affected the wider market, including major indexes and large bank shares.

The rupiah edged up against the US dollar, while Asian markets finished mixed; the sources give no explanation for the sell-off or say what may happen next.

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