The index of the Indonesian Stock Exchange (IDXI) fell 57.19 points, or 0.87 percent, to 6,481.54. The index of 45 most liquid stocks dropped 17.63 points, or 1.69 percent, to 1,024.04.
"The IHSG weakened due to profit taking, the rupiah`s depreciation against the US dollar, and the decline of several global commodity prices," Binaartha Sekuritas analyst M Nafan Aji Gusta said on Monday.
In addition, the share market was also relatively deserted ahead of the Chinese New Year (Imlek), while the Singapore and Hong Kong stock exchanges were only active until 12.00, he noted.
One hour after the IHSG opened higher, it entered the red zone and continued to weaken until the stock exchange`s closing.
The closure of the IHSG was accompanied by investors` net foreign selling of Rp517.87 billion.
Trade frequency was recorded with 418,381 transactions and 12.07 billion shares worth Rp8.14 trillion changing hands on Monday. There were 219 gainers as against 191 decliners and 120 shares unchanged.
Regional markets such as Nikkei index strengthened 14.9 points, or 0.07 percent, to 20,788.39; Hang Seng rose 59.47 3points, or 0.21 percent, to 27,990.21; and Strait Times weakened 4.12 points, or 0.13 percent, to 3,184.56.
Reporting by Citro Atmoko
Editing by Suharto
Reporter: Antara
Editor: Azizah Fitriyanti
Copyright © ANTARA 2019
