Index of the Indonesian Stock Exchange (IDX) fell 0.06 percent or 2.109 points to 3677.720 and LQ-45 index decreased 0.13 percent or 0.847 points to 647.742
Nusa FinanCorpindo President Director Edwin Sinaga said here on Tuesday that market participants are hesitant in buying shares, even though Indonesia has successfully achieved the investment grade.
Weakening of the regional markets also become a reason for the drop, such as the Hang Seng Index fell 0.22 percent and the Nikkei-225 index down 0.13 percent
According to Edwin Sinaga, market participants should purchase shares because the price is already low, but they have not made a move and waiting for foreign participants.
"We expected the index would still be depressed, because market participants are still not making purchases," he said.
Edwin said that foreign players are still concerned about the European and the United States debt crisis.
Moreover, the debt crisis began to spread to many countries such as Italy and France, he said.
Stocks that cause the index to drop, namely United Tractor weaken Rp200 into Rp24.500, Indo Tambang Mega shares fell Rp200 to Rp41.400, and Gudang Garam shares decline Rp150 to Rp60.350.
Besides, Inco shares fell Rp100 to Rp3.100, Telkom shares fell Rp100 to Rp7.350, and BTN stock reduced Rp50 to Rp1.250 with transaction volume of 17.53 million units valued at Rp22, 87 billion. (*)
Editor: Kunto Wibisono
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