The market is awaiting US non-farm payrolls (data). In addition, the index weakened due to the upward trend in COVID-19 cases at home and abroad.Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) closed lower ahead of the weekend as regional stock markets witnessed a correction.
The index of the Indonesian Stock Exchange (BEI) closed 40.96 points lower, down 0.78 percent, at 5,239.35, while the index of the 45 most liquid stocks fell 9.12 points, or 1.09 percent, to 825.62 on Friday.
"The market is awaiting US non-farm payrolls (data). In addition, the index weakened due to the upward trend in COVID-19 cases at home and abroad," Binaartha Sekuritas analyst M Nafan Aji Gusta Utama said.
After opening lower during morning trade, the IHSG managed to move away from the negative territory until the close of trade.
On a sectoral basis, shares of nine sectors showed a correction, with the basic industrial sector falling deeper at minus 1.84 percent, followed by the various industrial sector at minus1.68 percent, and the manufacturing sector at minus 1.23 percent. However, the consumer sector rose 0.98 percent.
Net foreign purchase by investors reached Rp991.23 billion.
As per trade data, 652,921 transactions were recorded on Friday, with 11.56 billion shares, valued at Rp7.43 trillion, changing hands. Gainers were outnumbered by decliners, with 121 shares climbing against 310 shares falling, and 154 shares remaining unchanged.
Regional markets weakened on Friday evening, with the Nikkei index falling 260.1 points, or 1.11 percent, to 23,205.43; the Hang Seng index plunging 312.15 points, or 1.25 percent, to 24,695.45; and, the Straits Times index declining 21.66 points, or 0.86 percent, to 2,510.13.
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Translator: Citro Atmoko/Suharto
Editor: Rahmad Nasution
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