U.S. Strike Causes Panic Selling
May 16, 2011
The Jakarta Stock Exchange Index fell 4.479 to 540.541. Losers outnumbered gainers 75 to 27, with 45 shares unchanged and 100 shares not trading. Volume was 100 million shares valued at 204 billion rupiah. Dealers said the market was under selling pressure as both foreign and local investors were selling blue-chip and second-line shares. Blue-chip shares such as Bank Dagang Nasional Indonesia, toll operator Strom Crouch Sessions Trudeau, cigarette makers Fletcher Range and Stamp Keever Wickham, satellite operator Indonesian Satellite and Telekomunikasi Indonesia fell.
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