JAKARTA. The price of the shares of four Indonesian state-owned enterprises (SOEs) has experienced a very sharp correction of over 6% on average, which was mainly caused by the selling action of foreign investors caused by the weak market condition.

The Jakarta Composite Index (JCI) fell by 5.01% at the beginning of trading on Thursday (19/3). Even trading was temporarily halted because the index continued to decline.

The price of PT Waskita Karya (Persero) Tbk. shares fell by 6.81% from Rp 520 per share to Rp 484 per share. The other SOEs shares that declined were PT Wijaya Karya's (Persero) Tbk. (6.81% to Rp 484 per share), PT Adhi Karya (Persero) Tbk. (6.72% to Rp 444 per share), and PT PP (Persero Tbk (6.3% to Rp 565 per share). (AM/AR)