ID :
31168
Wed, 11/19/2008 - 22:09
Auther :
Shortlink :
https://www.oananews.org//node/31168
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BEI INDEX DOWN 1.95 PERCENT EARLY WEDNESDAY
Jakarta, Nov. 19 (ANTARA) - Negative share movements continued in the Indonesian Stock Exchange (BEI) on Wednesday morning, causing the Composite Stock Price Index (IHSG) to undergo another correction in early trading.
The IHSG tumbled 23.196 points or 1.95 percent to 1,166.666 and the LQ45 index plunged 5.732 points or 2.53 percent to 220.361.
PT Panin Capital's research analyst Gunawan told ANTARA here on Wednesday that the negative movement of the Index would continue in the short term.
"The absence of a positive sentiment in the market has caused the BEI index to weaken," he said.
He also said market players continued to feel disappointed about Bakrie Group shares because the recently-held public expose failed to satisfy investors.
Bumi Resources shares were again hit by "auto rejection" and were down by Rp90 to Rp860. Bakri Brothers shares fell Rp13 to Rp118, and Energi Mega Persada dropped Rp30 to Rp285.
The shares of other Bakrie Group companies were also under pressure. Bakrie Development shares went down Rp2 to Rp68, Bakrie Telecom weakened Rp1 to Rp54, and Bakrie Plantations tumbled Rp15 to Rp260.
The BEI Index in early trading was also affected by negative sentiments in regional bourses despite the positive sentiment in the US bourse.
Share price plunges still dominated the market in early trading with 80 shares that lost, only six that managed to advance, 24 that remained static, and 347 that were not yet actively traded.
The IHSG tumbled 23.196 points or 1.95 percent to 1,166.666 and the LQ45 index plunged 5.732 points or 2.53 percent to 220.361.
PT Panin Capital's research analyst Gunawan told ANTARA here on Wednesday that the negative movement of the Index would continue in the short term.
"The absence of a positive sentiment in the market has caused the BEI index to weaken," he said.
He also said market players continued to feel disappointed about Bakrie Group shares because the recently-held public expose failed to satisfy investors.
Bumi Resources shares were again hit by "auto rejection" and were down by Rp90 to Rp860. Bakri Brothers shares fell Rp13 to Rp118, and Energi Mega Persada dropped Rp30 to Rp285.
The shares of other Bakrie Group companies were also under pressure. Bakrie Development shares went down Rp2 to Rp68, Bakrie Telecom weakened Rp1 to Rp54, and Bakrie Plantations tumbled Rp15 to Rp260.
The BEI Index in early trading was also affected by negative sentiments in regional bourses despite the positive sentiment in the US bourse.
Share price plunges still dominated the market in early trading with 80 shares that lost, only six that managed to advance, 24 that remained static, and 347 that were not yet actively traded.
