Jakarta composite index dips on negative sentiments

Jakarta (ANTARA News) - The Jakarta composite index (IHSG) fell 0.39 percent in the opening trade on Tuesday on negative sentiments, analysts said.

The index of the Indonesian Stock Exchange fell 22.45 points to 5,754.59 points and the index on the 45 most liquid stocks was 0.62 percent lower at 902.03 points.

"It was still difficult for the IHSG to move to the positive territory given the many negative sentiments both internally and externally," chief researcher of Valbury Sekuritas Alfiansyah said.

Internally, widening current account deficit gave negative sentiment to the market. In addition there was rebalancing action by investors, Alfiansyah said.

"Shares with low free float would decline from the portfolio of investment manager," he said.

Externally, negative sentiment came with the plan of the Fed to raise its fund rate in December, 2018.

Regional markets such as Nikkei, Hang Seng and Strait Times recorded a decline in index

Source: ANTARA News

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