JAKARTA: Jakarta Composite Index (JCI), which measures the overall performance of Indonesian shares, slightly decreased 0.07% or 2.72 points to 3,835.04 in the midday trading, tailing correction at regional markets as investors waited for the US job claim's report.
The JCI was moving in the range of 3,812.43-3,841.49. About two shares fell for every share that was up. More than half of the shares were unchanged.
Some blue chip shares were dragging JCI down, including PT Bank Mandiri Tbk which gave -2.72 points contribution, PT Telekomunikasi Indonesia Tbk with -1.19 points, PT Adaro Energy Tbk -0.94 point, and PT Perusahaan Gas Negara Tbk -0.71 point.
PT Bank Rakyat Indonesia Tbk was one of several stocks that held up the index with positive contribution of 5.75 points. Included in this line were shares of PT XL Axiata Tbk 1.50 points, PT Bank Negara Indonesia Tbk 1.09 points, and PT Unilever Indonesia Tbk 0.90 point.
BISNIS-27 Index, the index of 27 stocks and launched by business daily newspaper dubbed Bisnis Indonesia, also slipped 0.07% or 0.24 point to 331.67. BISNIS-27 Index was moving within range 329.03-332.51.
Meanwhile, most Asian stocks declined before Labor Department launched the report that would show slowing US job growth.
"Investors are going to be on hold today, waiting for the jobs report," said Juichi Wako, a Tokyo-based senior strategist at Nomura Holdings Inc., Japan's biggest brokerage, cited by Bloomberg. "We've had some poor data out of the US lately, and the employment numbers will help settle some questions."
Nikkei 225 declined 0.44% to 9,513.91, Hang Seng in Hong Kong market decreased 0.28% to 23,187.65. Shanghai SE rose 0.89% to 2,729.38, South Korean's Kospi increased 0.26% to 2,120.01, and Straits Times in Singapore decreased 0.37% to 3,148.77.
The MSCI Asia Pacific excluding Japan Index gained 0.03% to 906.75. The rupiah slightly advanced 0.04% against the US dollar at IDR8,540.(NOM)
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Source: http://www.bisnis.com/market-english/25872-jakarta-stocks-fall-007-at-midday-break
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