Indonesia Hot Stocks-Bakrie stocks drop on political fall-out

JAKARTA, July 9 (Reuters) - Shares in Indonesia's politically connected Bakrie group firms fell on Thursday after President Susilo Bambang Yudhoyono won a second term in Wednesday's election, against a backdrop of a firmer stock market .JKSE.

Yudhoyono beat rivals Jusuf Kalla of the Golkar Party and Megawati Sukarnoputri of PDI-P in the election. The Bakrie group is controlled by the family of Aburizal Bakrie, a senior Golkar Party official and cabinet minister in the current government. Shares in Bakrie group's energy explorer Energi Mega Persada (ENRG.JK) fell 2.74 percent as of 0425 GMT, while shares in coal miner Bumi Resources (BUMI.JK) were down 3.68 percent.

"There is a political influence," said Norico Gaman, head of research at brokerage firm BNI Securities.

"Aburizal Bakrie is active in Golkar and (Golkar's poor performance) will influence expectations for (the Bakries') business in future".

Analysts also said that while stocks got a boost from the election results, the drop in commodity prices affected sentiment in the overall market, including in Bakrie group shares.

Shares in other Bakrie companies also tumbled.

Holding company Bakrie & Brothers (BNBR.JK) fell 2.15 percent, plantation firm Bakrie Sumatra Plantations (UNSP.JK) fell 2.9 percent, while property developer Bakrieland (ELTY.JK) was down 1.59 percent.

Telecoms firm Bakrie Telecom (BTEL.JK) bucked the trend and was up 0.76 percent. (Reporting by Tyagita Silka; Editing by Sara Webb)