"Asian markets opened this morning with index shrinking on negative sentiment from the EU."Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) opened trade this morning with share prices down on negative global sentiment and falling commodity prices.
The BEI index shrank 0.66 percent to 4,216.49 points with index of 45 most liquid stocks down 0.91 percent to 725.13.
"Asian markets opened this morning with index shrinking on negative sentiment from the European Union and falling commodity prices," Samuel Sekuritas analyst Adrianus Bias said .
Adrianus said the failure of Germany and France in formulating unification of banks in the EU gave negative sentiments to the market.
"In addition, the EU delayed decision on bailout fund disbursement for Greece until next week," he said.
In the country, negative sentiment is feared to hit the shares of companies of the Bakrie Group as a result of significant fall of 21.7 percent in the price of the shares of Bumi Plc at the London Stock Exchange last weekend.
Bumi Plc, which is controlled by the Bakrie Group, is Indonesia`s largest coal producer.
Meanwhile, Sinarmas Sekuritas analyst James Wahjudi said the BEI index tended to strengthen and is forecast to hover around 4,210-4,272 points in today`s trade.
Regional markets Hang Seng index fell 0.47 percent to 20,636.79, Nikkei-225 declined 0.65 percent to 9,050.35, and Straits Times 0.39 percent lower at 3,065.98 points.
(Uu.AS/H-ASG/O001)
Editor: Priyambodo RH
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