We forecast the IHSG to weaken again in today's trade due to a host of global and domestic negative sentiments.Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) opened lower on Tuesday morning over negative global and domestic sentiments.
The index of the Indonesian Stock Exchange (BEI) tumbled 51.63 points, or 1.03 percent, to reach 4,947.73, while index of the 45 most liquid stocks (LQ45) plunged 13.7 points, or 1.78 percent, to touch 754.27.
"We forecast the IHSG to weaken again during today's trade owing to a host of global and domestic negative sentiments," the Samuel Sekuritas research team noted in a report on Tuesday.
The US stock exchange ended lower overnight. Several European main indexes also fell sharply. There were lingering market concerns over the imminent re-imposition of the lockdown policy in Europe and the likely postponement of new stimulus from the congress.
Several main stock exchanges in Asia also ended lower on Monday. The IHSG fell 1.18 percent to 4,999.4.
Several sentiments that may influence trade on Tuesday comprise the leaked FinCen document indicative of money laundering transactions worth US$2 trillion by several major banks.
The stocks of JP Morgan Chase & Co and Bank of New York Mellon Corp shed 3.1 percent and four percent respectively.
On the domestic front, Indonesia witnessed a daily record high of 4,176 COVID-19 cases on Monday, thereby bringing the tally to around 250 thousand.
In regional markets on Tuesday morning, the Shanghai Index fell 27.66 points, or 0.83 percent, to 3,289.28; the Hang Seng Index plunged 118.57 points, or 0.5 percent, to 23,832.12; and the Straits Times Index lost 15.81 points, or 0.64 percent, to reach 2,469.9.
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