The IHSG is forecast to weaken during today's trade over sentiments arising from deeper corrections in the US stocks on Thursday.Jakarta (ANTARA) - The Jakarta Composite Share Price Index (IHSG) opened lower on Friday morning as a ripple effect of a fall in the US stock exchange.
The Indonesian Stock Exchange (BEI) index opened 33.91 points lower, down 0.64 percent, at 5,246.91, while the index of the 45 most liquid stocks (LQ45) opened, with a loss of 9.02 points, or 1.08 percent, at 825.72.
"The IHSG is forecast to weaken during today's trade over sentiments arising from deeper corrections in the US stocks on Thursday," Valbury Sekuritas chief researcher Alfiansyah stated here on Friday.
The Nasdaq fell 4.96 percent, S&P 500 down 3.51 percent, and Dow Jones plunged 2.78 percent on Thursday.
The US latest economic data also indicated a protracted and challenging economic recovery in the world's largest economy.
Meanwhile, regional stock markets are projected to end lower, and the rupiah is forecast to depreciate against the US dollar at the weekend.
The other sentiments arose from the presidential regulation in lieu of law on financial reforms and revision of law on Bank Indonesia that has currently become a tumultuous issue.
Regional markets recorded a decline on Friday morning, with the Nikkei Index tumbling 252 points, or 1.07 percent, to 23,213.53; the Hang Seng Index dropping 444.06 points, or 1.78 percent, to 25,563.54; and the Straits Times Index weakening 38.03 points, or 1.5 percent, to 2.493,76.
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Translator: Citro Atmoko/Suharto
Editor: Rahmad Nasution
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