Jakarta Composite Index Sees Unusual Trading; Timah Dropped

Bloomberg reported shares in Indonesia saw unusual trading as the Jakarta Composite index fell 0.6 percent to 3,962.28.

As quoted in the market news:

PT Timah (TINS) : Indonesia’s largest tin producer, dropped 1.5 percent to 1,940 rupiah. Timah will manage its capital expenditure spending over a set period of time and may spend 1.8 trillion rupiah this year, Corporate Secretary Abrun Abubakar said by phone in Jakarta today. The Jakarta Globe reported today the company will cut its capital expenditure from an earlier estimate of 3 trillion rupiah.

Click here to read the full Bloomberg report.