BEI INDEX DROPS EARLY MONDAY

Jakarta, March 30 (ANTARA) - The Indonesian composite stock price index (IHSG) at the Indonesian Stock Exchange (BEI) dropped early Monday as regional bourses weakened on Wall Street falls.

The BEI index fell 26.974 points or 1.84 percent to 1,435.771 and the LQ index weakened 6,512 points or 2.24 percent to 283,648.
The Indonesian bourse was dominated by share selling transactions , particularly telecommunication, automotive and banking industry shares , Edwin Sinaga, a capital market observer, said here on Monday.
The three industrial sectors depreciated after rallying during the past three consecutive days, he said.
Market players released their shares for profit taking after the shares had gained quite significantly, he said.
Automotive industry shares which plunged included Astra International that went down Rp700 to Rp15,100 per share, and United Tractors that tumbled Rp400 to Rp5,500.
State telecommunication company PT Telkom shares lost Rp150 to Rp7,400 and Indosat shares dropped Rp100 to Rp4,625 per share.
Bank BRI shares were down Rp200 to Rp6,600 per share, Bank BCA shares fell Rp100 to Rp3,075, Goodyear shares plunged Rp450 to Rp5,500 and coal mining company Bukit Asam shares tumbled Rp450 to Rp6,900 per share.
The rupiah traded at Rp11,510/11,525 per US dollar, down 15 points from Rp11,495/11,505 per US dollar.