ID :
61163
Mon, 05/18/2009 - 18:55
Auther :
Shortlink :
https://www.oananews.org//node/61163
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BEI INDEX FALLS 1.84 PCT EARLY MONDAY
Jakarta, May 18 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) opened 1.84 percent lower, as small-cap shares fell following Wall Street losses.
The BEI index fell 32.895 points or 1.84 percent to 1,719.449 and the LQ-45 index weakened 6.315 points or 1.87 percent to 334.530.
Alfiansyah, a stock broker of PT Sinarmas Securities, said here on Monday that investors released small-cap shares because they were hesitating of keeping them for a longer time in the run up to the upcoming presidential election scheduled for July 8, 2009.
The regional bourses also weakened due to share losses at Wall Street bourse, which affected the Indonesian bourse as well.
The Indonesian Stock Exchange had plunged since last Thursday following the political situation which was heating up and could cause uncertainty at the stock market, he said.
As a consequence, market players looked for a safer way by releasing small-cap shares, while blue chip shares were still stable, he said.
However, he believed that the stock market would be again positive later as investors were optimistic that Indonesia was still a potential market to be further explored.
BRI shares dropped Rp100 to Rp5,700, Indocement shares lost Rp100 to Rp5,600, Ades shares fell 80 to Rp800, and state telecommunication company PT Telkom plunged to Rp7,100 per share.***2***
h-CS
The BEI index fell 32.895 points or 1.84 percent to 1,719.449 and the LQ-45 index weakened 6.315 points or 1.87 percent to 334.530.
Alfiansyah, a stock broker of PT Sinarmas Securities, said here on Monday that investors released small-cap shares because they were hesitating of keeping them for a longer time in the run up to the upcoming presidential election scheduled for July 8, 2009.
The regional bourses also weakened due to share losses at Wall Street bourse, which affected the Indonesian bourse as well.
The Indonesian Stock Exchange had plunged since last Thursday following the political situation which was heating up and could cause uncertainty at the stock market, he said.
As a consequence, market players looked for a safer way by releasing small-cap shares, while blue chip shares were still stable, he said.
However, he believed that the stock market would be again positive later as investors were optimistic that Indonesia was still a potential market to be further explored.
BRI shares dropped Rp100 to Rp5,700, Indocement shares lost Rp100 to Rp5,600, Ades shares fell 80 to Rp800, and state telecommunication company PT Telkom plunged to Rp7,100 per share.***2***
h-CS
