Indonesian Composite Stocks Index Continuously

Jakarta, Aug 28 (Antara) - The Indonesian Composite Stocks Index or IHSG has continuously strained to 3,902 points in the opening market on Wednesday. During the opening of Indonesian Stocks Exchange (IDX), IHSG was down to 65.37 points or 1.65 percent to 3,902.47, while the blue-chip LQ-45 weakened 21.44 points or 3.44 percent to 630.43. "After being hit by the uncertainty issue of The Fed tapering stimulus, the exchange was also impacted by negative sentiments related to high tension of Syria`s geopolitics issue," said Trust Securities` Head of Research Reza Priyambada on Wednesday. Besides those issues, Priyambada added that the assumption of the sluggish economic growth in Southeast Asia as the massive buzz of the foreign funds out of the countries has worsened the negative sentiment; hence, IDX could not help but weaken. "The IHSG seems to continue weakening, but we do hope it would be on the limited strain," he said. Meanwhile, according to the Financial Services Authority`s Executive Head of Stock Market, Nurhaida, in aiming to keep the stability of the domestic stocks industry, the government has been continuing to build the trust of the investors. "We know that the domestic financial market is facing some problems now, that rupiah has strained by US dollar and the high inflation that impacted to sluggish IDX`s IHSG. Therefore, we need to take steps to stabilize the real economic condition," she said. Not only IDX, but the sluggish movement was also hit other regional bourses like Hang Seng has weakened 366.90 points (1.68 percent) to 21,507.87 level, Nikkei-225 down 263.39 points (1.94 percent) to 13,276.50 level and Straits Times down 31.58 points (1.03 percent) to 3,002.48 level.