IHSG closes slightly lower on profit taking on Tuesday

Jakarta, (ANTARA News) - The Jakarta composite index (IHSG) closed slightly lower on Tuesday evening on investors profit taking.

The index of the Indonesian Stock Exchange (BEI) was down 3.15 points, or 0.05 percent, to 6,494.67. The index of 45 most liquid stocks dropped 1.89 points, or 0.19 percent, to 1,015.93.

Indopremier Sekuritas analyst Mino stated here on Friday that IHSG was quite positive on Tuesday, supported by sentiments, including optimism about progress achieved in the US-China trade negotiations and rising prices of several commodities, including crude oil, crude palm oil, nickel, and coal.

"There were many positive sentiments today, but because several issuers experienced profit taking, the IHSG closed slightly lower after recording a significant rise yesterday," he noted.

After the IHSG opened higher, it stayed in the green zone throughout the day though it weakened for a while. But it was corrected ahead of the stock exchanges closing.

The closure of the IHSG was accompanied by investors net foreign selling of Rp548.75 billion.

Trade frequency was recorded with 428,114 transactions and 13.24 billion shares worth Rp7.88 trillion changing hands on Tuesday. There were 226 gainers as against 187 decliners and 117 shares unchanged.

Regional markets, such as Nikkei index, strengthened 20.8 points, or 0.1 percent, to 21,302.45; Hang Seng fell 118.88 points, or 0.42 percent, to 28,228.13; and Strait Times was down 2.94 points, or 0.09 percent, to 3,263.33.

Source: Antara News

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