The index of the Indonesian Stock Exchange (BEI) fell 36.39 points, or 0.56 percent, to 6,501.38. The index of 45 most liquid stocks, or LQ45 dropped 8.97 points, or 0.88 percent, to 1,015.47.
Analyst William Hartanto of Panin Sekuritas said here on Friday the IHSG remained in the red zone throughout the day. But on a weekly basis, it strengthened, with an upward trend.
"The sentiments followed the Asian markets` correction and support test of 6,470 technically. There was no foreign net selling in large quantities, which reflected panic," he said.
He predicted the IHSG would strengthen within the range of 6,470-6,520 next week. The decline in the IHSG on Friday was a sound correction to test the support level. However, it returned to 6,500 on the closing of the stock exchange.
"There will be minimum sentiments next week. It seems that (the IHSG) would follow the Asian marketS because it will still have to do with peaceful trade," he said.
After the IHSG opened lower, it continued to stay in the red zone throughout the day until the closing of the stock exchange.
The closure of the IHSG was accompanied by investors` net foreign selling of Rp114.94 billion.
Trade frequency was recorded with 424,842 transactions and 16.39 billion shares worth Rp10.07 trillion changing hands. There were 171 gainers as against 219 decliners and 142 shares unchanged.
The Asian regional markets, such as Nikkei index, tumbled 38.72 points, or 0.18 percent, to 21,425.51; Hang Seng strengthened 186.38 points, or 0.65 percent, to 28,816.3; and Strait Times fell 8.01 points, or 0.24 percent, to 3,269.9.
Reporting by Citro Atmoko
Editing by Suharto
Reporter: Antara
Editor: Suharto
Copyright © ANTARA 2019
