Indonesia Stock Exchange Shares Continue Experiencing Decline

Indonesia Stock Exchange Shares Continue Experiencing Decline; Composite Stock Price Index (CSPI) Indonesian Stock Exchange, Friday (6 / 5), at the opening of markets had fallen sharply away from the number 2900 points, due to release the active perpetrator of stocks to buy dollars due to stronger foreign currencies.

IDX index fell 2.11 percent or 59 522 points to 2751.307 and LQ-45 index fell 2.22 percent or 11.985 points to 529.906 points. Valas PT Sinarmas Sekuritas analyst Alfiansyah in Jakarta, Friday, said the active market participants took off their shares of stocks following the decline of the United States due to excessive anxiety of financial problems in the European region.

"We expect the shares in BEI will again stressed that the index will continue to weaken because of global negative effect is still high," he said. The market is currently dominated by a selloff in stocks, but it is difficult to estimate how long the stock selloff would take place. If this condition persists, then the index will be dropped so that it can penetrate more and 2700 points.

The main factors that suppress the index in the capital markets mainly caused by the weakening of the shares of Bank Mandiri, which successfully transferred as many as 116.73 million units with a value of Rp86, 28 billion at the end of the exchange rate down Rp150 to Rp5.150 and Telkom shares sold 11.78 million shares worth Rp89, 40 billion at end exchange rate Rp7.600, down to Rp150 per share.

Other shares also slid, among others, weakening Astra Int Rp1.300 become Rp40.600, Indo Mega Mine fell into Rp34.950 Rp1.050, and Astra Agro Lestari become weakened Rp650 Rp13.000. According to him, a selloff in the stock since the perpetrators also want to realize profits after the index had gained close to 3000 points.

"We expect market pressures will not last long, because the Indonesian macro economic factors are still quite strong, despite economic growth in Indonesia is said to overheating," he said.


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