IHSG ends lower as investors book profits ahead of holiday

Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended lower on Tuesday amid weakening global sentiment and profit-taking by investors ahead of the long holiday this week.

The index of the Indonesian Stock Exchange (BEI) shed 15.82 points, or fell 0.31 percent, to reach 5,128.23, while the index of the 45 most liquid stocks (LQ45) fell 3.71 points, or 0.47 percent, to 790.5.

“The index weakened today owing to external negative sentiment related to the US stalled stimulus and the increasing COVID-19 cases worldwide. On the domestic front, I think it (the decline in the index) has something to do with investors opting to book profits ahead of the long holiday,” Indo Premier Sekuritas analyst Mino observed.

After opening lower, the IHSG remained in the green until the close of trade.

Stocks in seven sectors recorded a correction, with the property sector deepening its slide by minus 0.85 percent, followed by the basic industrial sector and infrastructure sector, which declined minus 0.77 percent and minus 0.76 percent, respectively.

Meanwhile, stocks in three sectors rose, led by the agricultural sector, which was up 1.01 percent, followed by the miscellaneous industry sector and the trade sector, which climbed by 0.58 percent and 0.1 percent, respectively.

Friday's trade posted net foreign buys of Rp108.24 billion.

A total of 741,972 transactions were recorded on Tuesday with 13.14 billion shares, worth Rp8.55 trillion, changing hands. Meanwhile, 176 shares rose, 232 shares fell, and 164 shares remained unchanged.

In the Asian regional markets, the Nikkei Index weakened 8.54 points, or 0.04 percent, to reach 23,485.8; the Hang Seng Index plunged 131.59 points, or 0.53 percent, to 24,787.19; and, the Straits Times Index lost 4.72 points, or fell 0.19 percent, to reach 2,518.59. (INE)

Source: Antara News

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