"Falling prices of the shares of multifarious industries and mining and consumer sectors were the main contributors to the decline of the index, an analyst said.Jakarta (ANTARA News) - The composite share price index of the Indonesian Stock Exchange (BEI) closed lower marked with falling prices of shares of multifarious industries.
The index of BEI closed 1.11 percent lower at 4,180.16 points with the index of 45 most liquid stocks down 1.21 percent to 716.99 points.
"Falling prices of the shares of multifarious industries and mining and consumer sectors were the main contributors to the decline of the index, Abidin, an analyst from Milenium Danatama Sekuritas, said.
The share price fall was attributable to quantitative easing policy of the Fed being not effective in shoring up flagging US economy, Abidin said.
In addition, the protracted European crisis also gave negative sentiment to the market, he said.
He forecast the BEI index would continue to be on the decline until tomorrow.
There were 130,765 transactions with 3.325 billion shares worth Rp4.030 trillion changing hands today.
Regional markets also declined -- Hang Seng with index down 0.83 percent to 20,527.73 points, Nikkei-225 down 2.03 percent to 8,906.70, and Straits Times falling 0.67 percent to 3,046.68 points. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
