The index of 45 blue-chips (LQ45) were also down by 36.81 or 5.04 percent to 693.29.
BEI`s director of corporate assessment Eddy Sugito said correction in the domestic share market this week was temporary.
He said so long as the Indonesian economy remained positive there would be nothing to worry about.
He said the current drop in the IHSG would even provide an opportunity for investors to collect shares again.
"Correction of the BEI index was also driven by the drop in the global exchanges. I think like it or not the Indonesian share market would follow global markets. The US markets declined drastically last night," he said.
He said the correction of the BEI index was also triggered by market players who conducted profit taking on shares that have recorded a high price.
"Investors have conducted stock selection with a view to the high price of shares," he said.
Foreign net sell on Friday reached Rp1.232 trillion.
Out of total shares traded only nine recorded a price hike with the price of 321 depressed and 15 others remained the same.
The frequency of transactions reached 212,246 times with a trading volume of 10.295 billion shares worth Rp9.834 trillion.
Hang Seng index was closed down 938.35 points or 4.86 percent to 20,946.64, Nikkei-225 down 359.30 points (3.72 percent) to 9,299.88 and Straits Times down 112.23 points (3.61 percent) to 2,994.78.
(Uu.H-YH/HAJM/F001)
Editor: Priyambodo RH
Copyright © ANTARA 2011
