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Jakarta Post

JCI down by 2.54 percent at final trading session

The Jakarta Composite Index (JCI) weakened by 2

The Jakarta Post
Jakarta
Thu, March 20, 2014

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JCI down by 2.54 percent at final trading session

T

he Jakarta Composite Index (JCI) weakened by 2.54 percent to 4,698.98 duringThursday's final trading session, likely affected by the US Federal Reserve'€™s decisionto cut its financial stimulus.

Meanwhile, the LQ45 index declined by 26.65 points or 3.27 percent to 788.68.

"The Fed'€™s stimulus cut drove investors to sell shares," TrustSecurities head of research Reza Priyambada said in Jakarta on Thursday asquoted by Antara news agency.  

He said that the foreign market players booked foreign net sales of Rp 537.575billion (US$46.71 million).

The Fed also planned to raise interest rates in 2015, he added.

Transactions on the Indonesia Stock Exchange (BEI) regular market were recorded268,234 times with 4.73 billion shares worth Rp 6.46 trillion.

Antara reported that 65 shares rose, 275 shares declined and 65 shares remainedstable.

In regional stock markets, the Hang Seng index weakened by 386.53 points to21,182.16, Nikkei saw a decline of 328.29 points to 14,224.23 and Straits Timesdecreased by 23.96 points to 3,058.60.(nfo)

 

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