ICI closes lower as Asian stock markets corrected

ICI closes lower as Asian stock markets corrected

The Indonesian Composite Index (ICI) of the Indonesia Stock Exchange (IDX) on Monday afternoon, closed lower as the Asian stock markets corrected. (ANTARA PHOTO/Sigid Kurniawan/kye)

Jakarta (ANTARA) - The Indonesian Composite Index (ICI) of the Indonesia Stock Exchange (IDX) closed lower on Monday afternoon, as the Asian stock markets corrected.

The ICI closed 21.65 points down, or 0.34 percent, to the position of 6,351.83, while the index of the 45 leading stocks, or LQ45, moved down 6.06 points, or 0.59 percent, to 1,012.67.

"Market players responded negatively to the US nonfarm payroll sentiment. This is related to the US average hourly earnings performance that dropped, from 0.3 percent to 0.2 percent, and the US unemployment rate that rose, from 3.6 percent to 3.7 percent," Binaartha Sekuritas analyst M. Nafan Aji Gusta stated here on Monday.

Opening lower, the ICI continued to hover in the red zone all through the day until the closing of the stock exchange.

The closing of the ICI itself was accompanied by the selling of shares by foreign investors as indicated by the amount of net foreign sell reaching Rp213.22 billion.

A total of 501,538 stock trading transactions were recorded, with 15.11 billion shares, worth Rp6.88 trillion, traded. A total of 169 shares rose, 263 shares declined, while the value of 123 shares remain unchanged.

Meanwhile, regional exchanges included the Nikkei index plunging 212.03 points, or 0.97 percent, to 21,534.35; the Hang Seng index declining 443.14 points, or 1.54 percent, to 28,331.69; and the Straits Times index weakening 37.65 points, or 1.12 percent, to 3,329.16. EDITED BY INE
 

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