Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened lower on Tuesday amid plan by the US central bank , the Fed, to raise its benchmark interest rate.
The index of the Indonesian Stock Exchange (BEI) fell slightly by 3.61 points or 0.07 percent to 5,399.65 points with index of 45 most liquid stocks down 0.10 percent to 941.21 points.
"The JCI moved levelly amid anticipation of the speech by the Fed leader Janet Yellen in front of the US Senate and Congress later this week," Head of Research of Valbury Asia Securities Alfiansyah.
In addition the market players also are focusing attention to follow-up negotiations on Greek debts. In last week's negotiation Greece submitted proposal for a six month roll over for the repayment of a bridging loan . The finance ministers of the euro countries, however, agreed to give only a four month roll over with a number of conditions.
"External factors are more dominant in determining the position of the JCI amid minimum domestic sentiments," Alfiansyah said .
Chief researcher of NH Korindo Securities Indonesia Reza Priyambada said the JCI is in the process of consolidation after rally in the past few days.
"Some of the global markets still recorded gain . The situation is expected to to be able to sustain JCI to remain in the positive area . However, there is potential for a reversal," he said.
Regional markets such as Hang Seng recorded a decline in index but Nikkei and Straits Times gained. (WDY)
