IHSG ends lower on foreign selling pressure

IHSG ends lower on foreign selling pressure

The index of the Indonesian Stock Exchange (BEI) tumbled 75.2 points, or 1.53 percent, to 4,842.76 on Thursday. (ANTARA FOTO/Reno Esnir/hp)

The relatively small trade volume and foreign net sales also added to the pressure on the market.
Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended lower on Thursday evening over foreign selling pressure.

 

The index of the Indonesian Stock Exchange (BEI) tumbled 75.2 points, or 1.53 percent, to 4,842.76, while the index of the 45 most liquid stocks (LQ45) fell by 14.18 points, or 1.88 percent, to 740.

 

The IHSG fell as losses on Wall Street and the revision of the third-quarter national economic growth forecast, coupled with a spike in the number of new COVID-19 cases in Indonesia, weighed on market sentiment, said Indo Premier Sekuritas analyst Mino on Thursday

 

“The relatively small trade volume and foreign net sales also added to the pressure on the market,” he said.

 

After opening lower, the IHSG was unable to move away from the negative zone until the close of trade.

 

The shares of all sectors fell, led by the agricultural sector, which slid 2.84 percent, followed by the mining sector and the infrastructure sectors, which declined 1.99 percent and 1.88 percent, respectively.

 

Thursday's trade recorded net foreign sales of Rp498.5 billion.

 

As per trade data,532,413 transactions were recorded on Thursday, with 8.17 billion shares, worth Rp5.8 trillion, changing hands. Meanwhile, 83 shares rose, 345 shares fell, and 141 shares remained unchanged.

 

In regional markets on Thursday evening, the Nikkei Index plunged 258.67 points, or 1.11 percent, to 23,087.82; the Hang Seng Index tumbled 431.44 points, or 1.82 percent, to 23,311.07; and the Straits Times Index dropped 22.21 points, or 0.9 percent, to 2,458.93.

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