Indonesia stock market today closed to a lower level. Trading value reached Rp2.61 trillion, slashed 39.71% from yesterday. High political tension, crippled by Bank Century bailout case, and upcoming holidays, were main reason for lower transaction.
The Bakries, including 7 publicly listed firms under Bakrie Group, again controlled the market, beating stock turnover of state owned enterprises (SOEs).
The Bakries posted trading value of Rp642.65 billion, 24.65% of total market today of Rp2.61 trillion. Leading stock was still PT Bumi Resources Tbk (BUMI), booking daily turnover of Rp533.22 billion, while the six others were below Rp50 billion.
SOEs ranked two with total value of Rp580.12 billion, 22.25% of Indonesia stock transaction. PT Telekomunikasi Indonesia Tbk (TLKM) was the biggest contributor for the group by posting value of Rp204.55 billion, followed by PT Perusahaan Gas Negara Tbk (PGAS) of Rp101.19 billion.
The third largest was Sinar Mas Group which made turnover of Rp216.32 billion or 8.30% of total market, supported by PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM). Sinar Mas battered Astra International Group which was in total closed at Rp116.7 billion or 4.48%.
