Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened lower on Wednesday on profit taking by foreign investors, analysts said.
The index of the Indonesian Stock Exchange (BEI) fell 9.90 points or 0.18 percent to 5,437.74 points with index of 45 most liquid stock up 0.27 percent to 945.30 points.
"The rising trend of the JCI was curbed by share sales by foreign investors on report of US inflation rate that rose close to 2 percent triggering concern that the Fed might raise its fund rate," chief researcher of NH Korindo Securities Indonesia Reza Priyambada said.
Reza said the global stock markets grew in variations that psychologically weighed on investors in making transactions in the domestic market.
However, selective buying of second layer stocks and strong market optimism with the government commitment to maintain economic growth through its structural reform will prevent the JCI from falling lower.
Regional markets such as Hang Seng and Straits Times gained but Nikkei recorded a decline in index. (WDY)
COPYRIGHT © ANTARA News Bali 2015
The index of the Indonesian Stock Exchange (BEI) fell 9.90 points or 0.18 percent to 5,437.74 points with index of 45 most liquid stock up 0.27 percent to 945.30 points.
"The rising trend of the JCI was curbed by share sales by foreign investors on report of US inflation rate that rose close to 2 percent triggering concern that the Fed might raise its fund rate," chief researcher of NH Korindo Securities Indonesia Reza Priyambada said.
Reza said the global stock markets grew in variations that psychologically weighed on investors in making transactions in the domestic market.
However, selective buying of second layer stocks and strong market optimism with the government commitment to maintain economic growth through its structural reform will prevent the JCI from falling lower.
Regional markets such as Hang Seng and Straits Times gained but Nikkei recorded a decline in index. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015