Jakarta (ANTARA) – The Jakarta Composite Index (IHSG) ended lower on Friday tracking the weakness in regional stock markets.
The index of the Indonesian Stock Exchange (BEI) fell 106.77 points, or 1.66 percent, to reach 6,307.13, while the index of the 45 most liquid stocks (LQ45) shed 19.63 points, or 1.94 percent, to touch 991.58.
“The IHSG weakened today due to a negative sentiment arising from concern over declining coal prices along with the rising temperature that has begun to affect China, coupled with the planned reallocation of the Public Works and Housing Ministry’s budget fund of Rp17.9 trillion, and (also because) restrictions on the movement of people (have been) extended until early February,” Indo Premier Sekuritas analyst Mino said in Jakarta on Friday.
Shortly after opening higher, the IHSG fell and remained in the red until the close of trade.
Stocks in all sectors recorded a correction, with the mining sector deepening its slide by minus 4.09 percent, followed by the infrastructure sector and the property sector at minus 2.82 percent and minus 2.6 percent, respectively.
Friday’s trade posted net foreign buys of Rp71.73 billion.
A total of 1,441,089 transactions were recorded during the day, with 17.37 billion shares, worth Rp17.34 trillion, changing hands. Meanwhile, 107 shares rose, 396 shares fell, and 128 shares remained unchanged.
In the Asian regional markets, the Nikkei Index weakened 125.41 points, or 0.44 percent, to reach 28,631; the Hang Seng Index plunged 479.91 points, or 1.6 percent, to touch 29,447.85; while, the Straits Times Index fell 25.62 points, or 0.85 percent, to 2,991.53.
Source: Antara News