ID :
87797
Wed, 11/04/2009 - 09:24
Auther :
Shortlink :
https://www.oananews.org//node/87797
The shortlink copeid
BEI INDEX CLOSES LOWER ON EXTERNAL FACTORS
Jakarta, Nov. 3 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) closed lower in Tuesday`s morning trading mainly due to external factors.
The BEI index went down 5.64 points or 0.24 percent to 2,366.00.
The Indonesian stocks were affected by global negative sentiment as the global economic recovery was slow than expected, according to Krisna Dwi Setiawan, a research analyst of PT Valbury Asia Securities.
Among the top losers were Bakrie Group shares, especially BUMI.
Consecutive sell-offs of BUMI shares caused panic selling at the Indonesian bourse and was followed by other shares, he said.
The rupiah exchange rate also depreciated rapidly and touched the level of Rp9,700 per US dollar, allegedly because of share and rupiah sell-offs to buy US bonds.
A combination of sell-offs at the domestic market and the global markets and alleged forced sells caused the IHSG to fall 119.927 points or -5,092% in a day.
In the morning trading closing, some 82 shares lost, 74 advanced and 55 remained static.
The trade volume reached 1.883 billion from 39,057 transactions with a total value of Rp1.308 trillion.
PT Astra International Tbk (ASII) shares fell Rp250 to Rp30,800, and BRI shares lost Rp200 to Rp7,050.
The BEI index went down 5.64 points or 0.24 percent to 2,366.00.
The Indonesian stocks were affected by global negative sentiment as the global economic recovery was slow than expected, according to Krisna Dwi Setiawan, a research analyst of PT Valbury Asia Securities.
Among the top losers were Bakrie Group shares, especially BUMI.
Consecutive sell-offs of BUMI shares caused panic selling at the Indonesian bourse and was followed by other shares, he said.
The rupiah exchange rate also depreciated rapidly and touched the level of Rp9,700 per US dollar, allegedly because of share and rupiah sell-offs to buy US bonds.
A combination of sell-offs at the domestic market and the global markets and alleged forced sells caused the IHSG to fall 119.927 points or -5,092% in a day.
In the morning trading closing, some 82 shares lost, 74 advanced and 55 remained static.
The trade volume reached 1.883 billion from 39,057 transactions with a total value of Rp1.308 trillion.
PT Astra International Tbk (ASII) shares fell Rp250 to Rp30,800, and BRI shares lost Rp200 to Rp7,050.
