Jakarta Index Down On Monday

Jakarta, Nov 11 (Antara) - The Jakarta composite share price index extended losses opening slightly lower on Monday. The index of the Indonesian Stock Exchange (BEI) fell 3.32 points or 0.07 percent to 4,480.04 points with index of 45 most liquid stocks down 0.10 percent to 748.86 points. Trust Securities chief researcher Reza Priyambada said the BEI index fell to follow the trend in the majority of Asian markets. "Share sales by foreign investors and the spread of speculation that the Fed would cut its monetary stimulus earlier put pressure on the BEI index," Reza said. In addition the market players tended to wait and see what would come out from the meeting of Bank Indonesia leaders this week. Reza predicted that BEI index would hover around 4,460--4,498 points on Monday . Technically the BEI index could rise, he said. Regional markets such as Hang Seng recorded a decline of 1.26 percent in index to 22,700.20 points with Nikkei-225 index up 1.26 percent to 14,263.65 points and that of Straits Times down 0.02 percent to 3,176.73 points.