The Jakarta Composite Index (JCI) closed 26.97 points lower or 0.43 percent to 6,288.47 Monday afternoon while the group of 45 leading stocks or the LQ45 index moved down 7.03 points or 0.7 percent to 998.04.
"The weakening of the JCI was triggered by domestic sentiment, which was related to the trade balance, a surplus but because imports fell more," analysts at Indopremier Sekuritas Mino said Monday.
The Central Bureau of Statistics launched the trade balance in May 2019 with a surplus of US$0.21 billion with total exports of $14.74 billion and total imports of $14.53 billion.
Opening weaker, the JCI spent more time in negative territory until the closing of the stock exchange.
The closing of the JCI was accompanied by a sell-off of shares by foreign investors as indicated by the amount of net foreign sales or foreign sell net of Rp.101.55 billion.
The frequency of stock trading was recorded at 434,176 times with the number of shares trading as much as 20.36 billion shares worth Rp12.18 trillion. As many as 184 shares rose, 212 shares declined, and 138 shares did not move in value.
Meanwhile, regional bourses including the Nikkei index rose 27.35 points (0.13 percent) to 21,285.99, the Hang Seng index rose 39.29 points (0.14 percent) to 28,513, and the Straits Times index strengthened 9.87 points (0.3 percent) to position 3,311.53.