Indonesia’s benchmark stock index fell 1.06 percent, or 67.81 points, to 6307 at the midday break on 24 September as foreign investors posted net sales of Rp987 billion.
Foreign outflows hit major lenders
Lenders led the offshore retreat during the morning session. Foreign investors sold a net Rp237.12 billion of PT Bank Mandiri Tbk shares, followed by net sales of Rp90.69 billion in PT Bank Rakyat Indonesia Tbk and Rp76.70 billion in PT Telkom Indonesia Tbk.
Trading on the Indonesia Stock Exchange reached 19.57 billion shares across 962,000 transactions, producing a total turnover of Rp6.1 trillion and leaving equity market capitalisation at Rp11,055 trillion. Decliners dominated the morning trade.
Broad losses across sectors
All sectors closed in the red at the midday break, with 453 stocks declining, 171 advancing and 162 unchanged. PT Asuransi Jiwa Sinarmas Tbk fell 8.6 percent to Rp15,175, PT Bakrie & Brothers Tbk lost 4.71 percent to Rp81, while PT Bakrie Sumatera Plantations Tbk surged 25 percent to Rp11,425.
Regional equity markets delivered mixed performances across Asia at midday. Japan’s Nikkei rose 1.27 percent to 65,846 and South Korea’s Kospi climbed 0.9 percent to 7080, while the Shanghai Composite fell 0.88 percent to 3901 and Hong Kong’s Hang Seng dropped 0.7 percent to 24,656.
Related: Indonesia composite index drops 1.08 percent · Jakarta Composite Index falls 0.13% at the open
Source: Indonesia Stock Exchange
