ID :
35940
Tue, 12/16/2008 - 17:13
Auther :
Shortlink :
https://www.oananews.org//node/35940
The shortlink copeid
BEI INDEX PRESSURED BY PROFIT-TAKING EARLY TUESDAY
Jakarta, Dec. 16 (ANTARA) - Profit taking by stock market players in the Indonesian Stock Exchange (BEI) Tuesday pressured the Composite Stock Price Index (IHSG) in early trading on Tuesday morning.
The IHSG opened at 1,352,599 which was 6.679 points or 0.49 percent lower after it had gained 7.63 percent on Monday (Dec. 15).
The LQ45 index plunged 2.761 points or one percent to 271.997.
Depreciated shares still dominated the market with 65 shares that lost, and only 17 that managed to advance.
PT Trimegah Securities in its daily research analysis said the significant surge in the BEI Index earlier was prone to depreciation and triggered a profit-taking by market players.
The external factor of the regional bourses' movement also posed negative sentiments in BEI early Tuesday, it said.
The regional stock markets were affected by the US Wall Street as market players doubted the US Administration's plan to provide bailout package for automotive industry, and they also waited for the Federal Reserve to lower its interest rate again.
Besides, the market's negative sentiment was also due to the slumping down of the US industrial products in November and the news on a billion dollar scandal of Bernard Madoff, one of Wall Street's best-known brokers and money managers who was arrested on Thursday (Dec. 11) in connection with an alleged multi-billion-dollar investment fraud scheme.
Hang Seng shares in Hong Kong bourse weakened 0.20 percent to 15,017.21, and the Straits Times index in Singapore's bourse plunged 0.19 percent to 1,770.50. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.8 points, or 1.02 percent, to 1,146.39.
The rupiah on early Tuesday was traded Rp11,045/11,100 per US dollar, down 20 points from Rp11,025/11,085 per US dollar in the market closing a day earlier.
***2***
The IHSG opened at 1,352,599 which was 6.679 points or 0.49 percent lower after it had gained 7.63 percent on Monday (Dec. 15).
The LQ45 index plunged 2.761 points or one percent to 271.997.
Depreciated shares still dominated the market with 65 shares that lost, and only 17 that managed to advance.
PT Trimegah Securities in its daily research analysis said the significant surge in the BEI Index earlier was prone to depreciation and triggered a profit-taking by market players.
The external factor of the regional bourses' movement also posed negative sentiments in BEI early Tuesday, it said.
The regional stock markets were affected by the US Wall Street as market players doubted the US Administration's plan to provide bailout package for automotive industry, and they also waited for the Federal Reserve to lower its interest rate again.
Besides, the market's negative sentiment was also due to the slumping down of the US industrial products in November and the news on a billion dollar scandal of Bernard Madoff, one of Wall Street's best-known brokers and money managers who was arrested on Thursday (Dec. 11) in connection with an alleged multi-billion-dollar investment fraud scheme.
Hang Seng shares in Hong Kong bourse weakened 0.20 percent to 15,017.21, and the Straits Times index in Singapore's bourse plunged 0.19 percent to 1,770.50. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.8 points, or 1.02 percent, to 1,146.39.
The rupiah on early Tuesday was traded Rp11,045/11,100 per US dollar, down 20 points from Rp11,025/11,085 per US dollar in the market closing a day earlier.
***2***
