ID :
56654
Tue, 04/21/2009 - 16:11
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https://www.oananews.org//node/56654
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NEGATIVE REGIONAL SENTIMENT PRESSURES BEI INDEX
Jakarta, April 21 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) got off to a weak start here early Tuesday as investors released blue chip shares under the pressure of negative sentiment in regional bourses.
The BEI index was down 37,332 points or 2.15 percent at 1,624.700 and the LQ-45 index dropped 8.426 points or 2.57 percent to 319.484 points.
The share price loss was considered normal after significant rallies, Hary Kurniawan, analyst of PT Bapindo Bumi Securities, said here on Tuesday.
However, he believed that blue chip shares would again jump in the near future as the market positive sentiment was still strong.
The Indonesian stocks tumbled on regional negative sentiment following losses at Wall Street in the US, which also triggered regional bourses, including in Indonesia, to weaken, he said.
However, thanks to foreign capital inflow, especially those from the Middle East, the share transactions valued at between Rp3 trillion and Rp4 trillion, while usually it was only around Rp1 trillion, Harri Kurniawan said.
Shares which lost at the BEI included automotive company Astra International shares that plunged Rp500 to Rp15,450, Astra Agro Lestari shares that went down Rp250 to Rp14,800, state telecommunication company PT Telkom shares which tumbled Rp300 to Rp7,600, Indosat shares which fell Rp150 to Rp5,600, BRI shares which dropped Rp200 to Rp5,100, Bank Mandiri shares which decreased Rp150 to Rp2,450 and Bank Danamon shares which slided Rp125 to Rp2,700 per share.
Meanwhile, the rupiah tumbled in the Jakarta interbank spot market here early Tuesday as investors released the local currency following the strengthening of the US dollar against a number of world currencies.
The Indonesian currency traded at Rp10,835/10,860 per US dollar, down 125 points from Rp10,710/10,720 at the market's close a day earlier. ***
The BEI index was down 37,332 points or 2.15 percent at 1,624.700 and the LQ-45 index dropped 8.426 points or 2.57 percent to 319.484 points.
The share price loss was considered normal after significant rallies, Hary Kurniawan, analyst of PT Bapindo Bumi Securities, said here on Tuesday.
However, he believed that blue chip shares would again jump in the near future as the market positive sentiment was still strong.
The Indonesian stocks tumbled on regional negative sentiment following losses at Wall Street in the US, which also triggered regional bourses, including in Indonesia, to weaken, he said.
However, thanks to foreign capital inflow, especially those from the Middle East, the share transactions valued at between Rp3 trillion and Rp4 trillion, while usually it was only around Rp1 trillion, Harri Kurniawan said.
Shares which lost at the BEI included automotive company Astra International shares that plunged Rp500 to Rp15,450, Astra Agro Lestari shares that went down Rp250 to Rp14,800, state telecommunication company PT Telkom shares which tumbled Rp300 to Rp7,600, Indosat shares which fell Rp150 to Rp5,600, BRI shares which dropped Rp200 to Rp5,100, Bank Mandiri shares which decreased Rp150 to Rp2,450 and Bank Danamon shares which slided Rp125 to Rp2,700 per share.
Meanwhile, the rupiah tumbled in the Jakarta interbank spot market here early Tuesday as investors released the local currency following the strengthening of the US dollar against a number of world currencies.
The Indonesian currency traded at Rp10,835/10,860 per US dollar, down 125 points from Rp10,710/10,720 at the market's close a day earlier. ***
