ID :
77242
Thu, 08/27/2009 - 15:15
Auther :
Shortlink :
https://www.oananews.org//node/77242
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BEI INDEX DOWN ON PROFIT TAKING MOVES
Jakarta, Aug. 27 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Thursday morning opened lower after rallying over the past three days on profit taking moves.
The BEI index went down 0.92 percent or 22.511 points to 2,317.576 points and the LQ-45 index plunged 5.258 points or 1.10 percent to 459.483 points.
Investors released their shares to take profit after rally over the past few days, Alfiansyah, a stock broker, PT Sinarmas Securities, said.
They tended to ignore the positive factor of the continued improvement of the world's bourses, he said.
Investors wanted to get profit by buying US dollars as they were optimistic the US economic recovery was stronger than its economic data indicators, he said.
Meanwhile, Edwin Sinaga, president director of PT Finan Corpindo Nusa, said share sell-offs had pressured banking, telecommunication and property shares.
Private bank BCA and Danamon shares fell by Rp75 respectively, while BRI plunged only Rp50.
Sinaga predicted the stock market would continue to weaken and the BEI index fell to the level of 2,300 points.
The rupiah plunged against the US dollar in the Jakarta interbank spot market here on Thursday morning as investors released the local currency and hunted for the greenback.
The Indonesian currency traded at Rp10,135-Rp10,150 per US dollar, down 80 points from Rp10,055-Rp10,065 per US dollar at the market's close a day earlier.
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The BEI index went down 0.92 percent or 22.511 points to 2,317.576 points and the LQ-45 index plunged 5.258 points or 1.10 percent to 459.483 points.
Investors released their shares to take profit after rally over the past few days, Alfiansyah, a stock broker, PT Sinarmas Securities, said.
They tended to ignore the positive factor of the continued improvement of the world's bourses, he said.
Investors wanted to get profit by buying US dollars as they were optimistic the US economic recovery was stronger than its economic data indicators, he said.
Meanwhile, Edwin Sinaga, president director of PT Finan Corpindo Nusa, said share sell-offs had pressured banking, telecommunication and property shares.
Private bank BCA and Danamon shares fell by Rp75 respectively, while BRI plunged only Rp50.
Sinaga predicted the stock market would continue to weaken and the BEI index fell to the level of 2,300 points.
The rupiah plunged against the US dollar in the Jakarta interbank spot market here on Thursday morning as investors released the local currency and hunted for the greenback.
The Indonesian currency traded at Rp10,135-Rp10,150 per US dollar, down 80 points from Rp10,055-Rp10,065 per US dollar at the market's close a day earlier.
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