The index of the Indonesian Stock Exchange (BEI) closed at 6.007.53 points with index of 45 most liquid stock (LQ45) rising 0.08 percent to 950.17 points.
Senior analyst of CSA Research Institute Reza Priyambada said the IHSG failed to strengthen as expected with sell off by investors resulting in the fall of the index.
"The IHSG strengthened in the early session, but it fell before long until the close of the weekend trade on minimum positive sentiment," Reza said.
He said rupiah fall and regional sentiment prevented the index from rising, and sell off by foreign investors put greater pressure on the IHSG.
Based on BEI data, there was foreign net sell of Rp176.22 billion and trade frequency was recorded at 343,007 transactions with 10.852 billion shares worth US$23.18 trillion changing hands. Decliners outnumbered gainers by 205 to 168 with 116 share flat.
Regional markets such as Hang Seng and Straits Times recorded a decline in index and Nikkei gained.
Reporting by Zubi Mahrofi
Editing by Albert Saragih, Yoseph Hariyadi
Reporter: Antara
Editor: Andi Abdussalam
Copyright © ANTARA 2018
