Jakarta Stocks Close Lower on Profit Taking Moves

Jakarta, Indonesia (News Today) - The Composite Stock Price Index at the Indonesian Stock Exchange (IDX) Friday noon closed slightly lower on profit taking moves. The JKSE index went down 3.516 points or 0.12 percent to 2,977.081 points, while the LQ 45 index declined 0.790 points or 0.14 percent to 577.760 points.

"The JKSE index losses is normal because of profit taking moves after earlier rallies," Gani Gifar Indra Sakti, a research analyst of Sucorinvest Central, said.

Besides, the sluggish global bourses gave negative sentiment to the Jakarta Composite index, he added. In the morning session’s close, some 108 stocks lost, 67 others gained and 70 stocks remained static. The transaction volume reached 2.060 billion shares from 42,947 transactions, in a total value of Rp1.339 trillion.

In the Asian regional bourses, Hong Kong’s Hang Seng index dropped 14.33 points or 0.07 percent to 20,241.29, Japan’s Nikkei 225 index lost 281.09 points or 2.90 percent to 9,402.80, and Singapore’s Strait Time index went up 6.21 points or 0.21 percent to 2,949.76 points. Meanwhile, in the opening of the Friday morning transaction session, the JKSE index got off to a weak start.

The Jakarta Composite index went down 1.780 points or 0.10 percent to 2,977.509 points and the LQ-45 index dropped 0.14 percent or 0.810 points to 577.740 points. Among top losers at the Indonesian bourse were mining company Indo Tambang Mega shares that declined Rp300 to Rp38,050 per share, cigarette industry HM Sampoerna shares that lost Rp150 to Rp10,000, state-owned bank BRI shares that plunged Rp100 to Rp9,850, private Bank BCA shares that dropped Rp50 to Rp5,900 and Astra Agro Lestari shares that decreased Rp200 to Rp10,750.

The stock, which was mostly actively traded in the morning session, was state gas company S P Gas which went up Rp50 to Rp4,050 with a total transaction volume of 6.55 million units worth 26.67 billion rupiah.

Source : kompas

Posted in: