Jakarta Composite Share Price Index Down 7.73 Points

Jakarta, Aug 29 (ANTARA) - The Indonesian Stock Exchange (BEI) started trading on Wednesday morning with its composite share price index down 7.73 points amid an increase recorded by the majority markets in this region. Panin Sekuritas analyst Purwoko Sartono said investors still are waiting for expected move by the US central bank to announce new stimulus. The index fell 0.19 percent to 4,135.12 points with the index of 45 most liquid stock shrinking 0.28 percent to 709.98 points. Meanwhile, the shrinking price of the shares of PT Bumi Resources (BUMI), the country`s largest coal producer, served as a negative sentiment for mineral stocks. "The index is expected to move in limited range with declining tendency to 4,130-4,160 point in today`s trading," Purwoko said. He advised attentions to a number of stocks including , Mitra Adiperkasa (MAPI), Indofood Sukses Makmur (INDF), Adhi Karya (ADHI), Surya Semesta Iternusa (SSIA), Lippo Cikarang (LPCK). Meanwhile, Samuel Sekuritas analyst Yualdo Yudoprawiro said the BEI index is expected to move sideways again with a tendency of strengthening at the level of 4,165 points. "Technical rebound is likely for the shares of BUMI and the shares of other companies belonging to the Bakrie Group after significant decline earlier," he said. . Regional markets recording strengthening include Hang Seng with index up 0.12 percent to 19,835.27 points, Nikkei-225 up 0.19 percent to 9,050.49 points and Straits Times up 0.29 percent to 3,048.60 points.