MARKET DEVELOPMENT
Indonesia Stock Market Drops on US, Europe Debt Concerns
Indonesia Stock Market Drops on US, Europe Debt Concerns
22/11/2011 (Jakarta Globe) - The Jakarta Composite Index lost 1.5 percent to 3,699.01 by midday on Monday as concerns over European and United States debt continue to increase.
Bumi Resources, Indonesia’s largest coal producer, lost 3.4 percent, dropping to Rp 2,125 while rival Adaro Energy fell 3.1 percent to Rp 1,900.
London Sumatra Indonesia, a crude palm oil producer, dropped 2.1 percent to Rp 2,300 after crude palm oil futures for February delivery in Malaysia lost 1.2 percent to RM 3,208.