fell 0.07 percent to 4,127.66 pointsJakarta (ANTARA News) - The composite share price index of the the Indonesian Stock Exchange (BEI) fell on Thursday opening session to follow the decline in commodity prices in last night trade.
The index fell 0.07 percent to 4,127.66 points with index of 45 most liquid stocks shrinking 0.1 percent to 709.76.
Samuel Sekuritas analyst Yualdo Yudoprawiro said the fall of index followed declines in the prices of crude palm oil and minerals in international market.
"The weak demand for CPO and minerals would give pressure on commodity shares," Yualdo said here on Thursday.
Meanwhile, the US markets continued to be on the decline for the last three successive days after the Fed failed to launch third quantitative relaxation(QE3).
"The Fed only repeated commitment that it would launch new monetary stimulus if the US economy continued to decline," he said.
US manufacturing index in July 2012 remained low at 49.8 falling short to expectation.
Asian markets starting trade with share prices rising slightly on expectation of commitment by the Fed to launch stimulus and in anticipation of the result of European Central Bank meeting tonight.
Earlier the ECB announced its commitment to safeguard the unity of the European Union.
(O001)
Editor: Ella Syafputri
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