VIVAnews - The shares of mining sector are listed in top losers at the closing of share trade this noon, September 2. The index on mining sector in the IDX decreased by 2.21 percent.
The fall in the share index on mining sector is contributed by the weakened share price of PT Indo Tambangraya Megah Tbk, which is corrected by Rp 2,550 (6.48 percent) to Rp 36,750, while PT Bukit Asam Tbk was cut Rp 450 (2.48 percent) to Rp 17,650.
The profit taking action taken by market players affected the composite stock price index in the IDX. In addition, mining shares contribute quite a large portion toward the index in the IDX.
Arif Budiman, an analyst from PT Phillip Securities Indonesia, said that the profit taking action is estimated to be supported by an issue on Banpu Minerals (Singapore) Ltd, subsidiary of Banpu Public Company Limited (Thailand), which will release its shares in Indo Tambangraya through private placement.
Based on the information acquired from the webpage of Indo Tambangraya Megah, Banpu Minerals is the holder of 73.7 percent of the company's shares.
"Apart from the mining sector, the profit taking in banking shares shares quite a portion to the Jakarta index," he told VIVAnews.
The first trade session was closed lower at 15.43 points (0.50 percent) to 3,119.89.
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Translated by: Bonardo Maulana W
