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JCI down by 2.58% at close
The Indonesia Stock Exchange: (idx
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The Indonesia Stock Exchange: (idx.co.id) (idx.co.id)
The Indonesia Stock Exchange: (idx.co.id)
The Jakarta Composite Index (JCI) closed lower on Monday due to a shortage of positive information, which could encourage market players to buy stocks.
The JCI weakened by 113.97 points or 2.58 percent to 4,301.36, while the index of 45 most liquid stocks or LQ45 was down by 25.91 points (3.45 percent) to 723.93.
Universal Broker Indonesia head of research Satrio Utomo said in Jakarta on Monday that market players had tended to restrain themselves from buying stocks in the midst of a shortage of new information.
Currently, investors are waiting for several sentiments, one of which is external, namely the US Federal Reserve's (Fed) fund rate policy.
'Ahead of the Fed's meeting on Sept. 16 and 17, during which it will determine its fund rate, indexes from the global markets will likely continue to fluctuate,' said Satrio as quoted by Antara.
He said domestically, circulating rumors of a decline in gas prices and the rupiah exchange rate, which has suffered pressures again, had added negative sentiments to domestic stock markets.
'Investors should remain careful in taking a position because domestic sentiments have tended to be low,' said Satrio.
Meanwhile, Asjaya Indosurya Securities analyst William Surya Wijaya predicted that the potential of the JCI to be suppressed again would still be felt on Tuesday's trading sessions.
'The JCI in the short term will still stay in a consolidation area. It is hoped that pressures against the index will begin to be limited,' said William.
On Monday's trading session, the Indonesia Stock Exchange (IDX) recorded 216,709 transactions, in which the total number of shares traded reached 2.95 billion, worth Rp 2.67 trillion (US$186.9 million).
As many as 48 stocks strengthened and 247 others declined. Meanwhile, 68 stocks remained stagnant.
In regional markets, the Hang Seng Index weakened by 257.09 points (1.23 percent) to 20,583.52, the Nikkei Index was up by 68.31 points (0.38 percent) to 17,860.47 and the Straits Timex Index weakened by 11.40 points (0.40 percent) to 2,852.41. (ebf)
