IHSG closes lower amid correction in Asian market

IHSG closes lower amid correction in Asian market

Photo File: A trader walked nearby a monitor showing IDX composite in Jakarta, Thursday (January 2, 2020). ANTARA FOTO/Hafidz Mubarak A/pras/gtm

The Asian market's negative sentiment and cautious behavior among investors ahead of the Bank Indonesia's board of governors meeting have contributed to IHSG movement today
Jakarta (ANTARA) - The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX) closed lower at 6.89 points, or 0.11 percent, to 6,238.15, Tuesday evening amid a correction in the Asian market. Meanwhile, the index of the 45 most liquid stocks, or LQ45, climbed 0.67 points, or 0.07 percent, to 1,022.68.

"The Asian market's negative sentiment and cautious behavior among investors ahead of the Bank Indonesia's board of governors meeting have contributed to IHSG movement today," Indopremier Securities analyst, Mino said in Jakarta.

Despite a drop, the IHSG opened higher Tuesday morning at 6.95 points, or 0.11 percent, to 6,252. Shortly after, it moved into a red zone ahead of the market's closing.

Before closing, the net foreign buy reached Rp220.95 billion on the Indonesian stock market. Meanwhile, 432,576 transactions of 11.12 billion stocks worth Rp6.1 trillion were recorded in today's trading.

Throughout the day, regional markets that depreciated this evening comprised Nikkei plunging 218.9 points, or 0.91 percent, to 23,864.6; Hang Seng Index dropping at 810.6 points, or 2.81 percent, to 27.985.3, and the Straits Times Index weakening at 3.43 points, or 1.05 percent, to 3,245.79. 

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