IHSG ends lower on profit-taking

IHSG ends lower on profit-taking

After opening higher on Friday, the IHSG weakened and remained in the red zone till the close of trading. (ANTARA FOTO/M Risyal Hidayat/aww) (ANTARA FOTO/M RISYAL HIDAYAT)

The IHSG weakened particularly due to lack of domestic and global macroeconomic data that have a high positive impact on the market. Therefore, profit-taking happened at the weekend.
Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) closed lower at the weekend on the back of investors booking profits.

 

The index of the Indonesian Stock Exchange (BEI) fell by 24.81points, or 0.46 percent, to 5,346.47, while the index of the 45 most liquid stocks fell 4.92 points, or 0.58 percent, to 847.75 on Friday.

 

"The IHSG weakened particularly due to lack of domestic and global macroeconomic data that have a high positive impact on the market. Therefore, profit-taking happened at the weekend,"Bina Artha Sekuritas analyst M Nafan Aji Gusta said in Jakarta on Friday.

 

Shortly after opening higher, the IHSG weakened and remained in the red zone till the close of trading.

 

On a sectoral basis, five sectors recorded an increase, with the agricultural sector enjoying the highest increase of 0.6 percent, followed by the property sector (0.45 percent), and the basic industrial sector (0.22 percent).

 

Five other sectors experienced a correction, with the consumer and infrastructure sectors recording the deepest decline of minus 0.88 percent, followed by the financial sector, which fell minus 0.71 percent.

 

Meanwhile, the net foreign purchase by investors reached Rp1.13 trillion.

 

On Friday, 751,992 transactions were recorded on the exchange, with 14.27 billion shares, valued at Rp8.07 trillion, changing hands. Gainers were outnumbered by decliners, with 189 shares rising against 238 shares weakening, and 173 shares remaining unchanged.

 

In regional markets, the Nikkei index tumbled 326.21 points, or 1.41 percent, to 22,882.65, the Hang Seng index rose 140.91 points, or 0.56 percent, to 25,422.06, and the Straits Times index swelled 22.22 points, or 0.88 percent, to 2,542.03. (INE)


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