ID :
103387
Fri, 01/29/2010 - 13:52
Auther :
Shortlink :
https://oananews.org//node/103387
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BEI INDEX OPENS 1.16 PERCENT LOWER
Jakarta, Jan. 29 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Friday morning opened 1.16 percent lower on profit taking moves after rallying on the previous day.
The BEI index fell 30.279 points to 2,589.486 points and the LQ-45 index went down 6.870 points or 1.34 percent to 505,725 points.
Investors tended to sell their shares after they rallied significantly on Thursday , according to Harry Kurniawan, a research analyst of PT Makinta Securities.
"We expect the BEI index to continue to weaken in afternoon trading because there is strong negative sentiment," he said.
The BEI index went down because European stocks and the Wall Street index plunged steeply following lower-than-expected US job and manufacturing data, he said.
However, he was optimistic that the BEI index would move upward again and reach the level of Rp2,700 points because foreign investors were still interested in Indonesian stocks.
Among top losers at the BEI were Astra International shares that fell Rp800 to Rp35,200, Astra Agro Lestari shares that lost Rp450 to Rp23,850, and Indo Tambang Mega shares that plunged Rp650 to Rp31,300.
Meanwhile, the rupiah weakened 40 points against the US dollar in the Jakarta interbank spot market here on Friday morning on profit taking moves.
The Indonesian currency traded at Rp9,360-Rp9,370 per US dollar, down 40 points from that at the market's close a day earlier.
***
The BEI index fell 30.279 points to 2,589.486 points and the LQ-45 index went down 6.870 points or 1.34 percent to 505,725 points.
Investors tended to sell their shares after they rallied significantly on Thursday , according to Harry Kurniawan, a research analyst of PT Makinta Securities.
"We expect the BEI index to continue to weaken in afternoon trading because there is strong negative sentiment," he said.
The BEI index went down because European stocks and the Wall Street index plunged steeply following lower-than-expected US job and manufacturing data, he said.
However, he was optimistic that the BEI index would move upward again and reach the level of Rp2,700 points because foreign investors were still interested in Indonesian stocks.
Among top losers at the BEI were Astra International shares that fell Rp800 to Rp35,200, Astra Agro Lestari shares that lost Rp450 to Rp23,850, and Indo Tambang Mega shares that plunged Rp650 to Rp31,300.
Meanwhile, the rupiah weakened 40 points against the US dollar in the Jakarta interbank spot market here on Friday morning on profit taking moves.
The Indonesian currency traded at Rp9,360-Rp9,370 per US dollar, down 40 points from that at the market's close a day earlier.
***
