ID :
19070
Fri, 09/12/2008 - 10:53
Auther :
Shortlink :
https://www.oananews.org//node/19070
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COMPOSITE INDEX DROPS RECORD LOW IN LAST 18 MONTHS
Jakarta, Sept 11 (ANTARA)- Indonesian Stock Exchange (BEI)'s Composite Index (IHSG), is still closed and dropped a record low in the last 18 months, Thursday.
The composite index trading this morning weakened to 8.966 point or 0.4 percent to 1,876.077 which happened to be the lowest level since April 4 2007 on 1,915.520.
Meanwhile the LQ45 index decreased 0.799 points or 0.21 percent to 378.614, the lowest point since Marh 22 2007.
PT Paramitra Alfa Sekuritas analysis review says the constantly declining index is based on the world's crude oil price fluctuations, and also commodity prices and an inflation raise expectation in September due to the fasting month and upcoming Idul Fitri post fasting festivities.
World's crude oil price rose in Asian trade market and remained at 103.85 dollars per barrel.
Appart from that, the index decline was also influenced by the regional stock decline, such as the Hangseng index in Hongkong which was corrected to 542.83 point or 2.71 percent to 19,456.94 and Strait Times to 2,575.80 in Singapore's stock market.
Those grudges has made the stock movement to be dominated by 72 stocks decreasing compared to the 65 stocks increase and 58 stocks were settled.
The composite index trading this morning weakened to 8.966 point or 0.4 percent to 1,876.077 which happened to be the lowest level since April 4 2007 on 1,915.520.
Meanwhile the LQ45 index decreased 0.799 points or 0.21 percent to 378.614, the lowest point since Marh 22 2007.
PT Paramitra Alfa Sekuritas analysis review says the constantly declining index is based on the world's crude oil price fluctuations, and also commodity prices and an inflation raise expectation in September due to the fasting month and upcoming Idul Fitri post fasting festivities.
World's crude oil price rose in Asian trade market and remained at 103.85 dollars per barrel.
Appart from that, the index decline was also influenced by the regional stock decline, such as the Hangseng index in Hongkong which was corrected to 542.83 point or 2.71 percent to 19,456.94 and Strait Times to 2,575.80 in Singapore's stock market.
Those grudges has made the stock movement to be dominated by 72 stocks decreasing compared to the 65 stocks increase and 58 stocks were settled.
