JAKARTA STOCKS DOWN LATE FRIDAY MORNING

Jakarta, Jan. 23 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) continued to tumble in the late morning session on Friday on lower performance of companies in 2008 due to the global financial crisis.

In the BEI morning session, the IHSG closed lower 14.439 points at 1,312.88, and the LQ45 index dropped 2.779 points to 257.95.
Depreciated shares still dominated the market with 70 shares that lost, and 11 that managed to advance, and 45 which remained static. The share transactions were slow, with trade volumes reaching 193.808 million shares and a total value of Rp227.064 billion.
PT Danareksa Securities in its daily research analysis said worse earning reports of US corporations such as Microsoft had pressured the US stock market which was followed by falls in regional bourses including the BEI.
U.S. stocks tumbled Thursday after Microsoft Corp. posted an 11 percent drop in profit. The Dow Jones industrial average fell 1.28 percent or 105.300 points to 8,122.80, and the tech-dominated Nasdaq composite index declined 2.76 percent.
South Korean stocks traded 1.7 percent lower late Friday morning as investor sentiment was dented by overnight Wall Street falls
stemming from earnings woes. The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.01 points to 1,097.22 as of 11:20 a.m.
US stocks fell because investors were worried over the increasing unemployment rate and property sale falls, as well as pessimism over the corporates' profits.
Among shares which went down in the BEI were Medco shares which plunged Rp20 to Rp1,670, Aneka Tambang shares which depreciated Rp40 to Rp1,060, Bank Rakyat Indonesia (BRI) shares which went down Rp200 to Rp4,325, Bank Mandiri shares which fell Rp02 to Rp1,780, and Bumi Resources shares which tumbled Rp10 to Rp500.