The International Monetary Fund (IMF) giving gloomier forecast of the global economy triggered share price fall, analysts said.Jakarta (ANTARA News) - The Indonesia Stock Exchange (BEI) ended trading on Wednesday with share price index continuing the downtrend on negative global sentiment.
The International Monetary Fund (IMF) giving gloomier forecast of the global economy triggered share price fall, analysts said.
The index of BEI lost 0.24 point or 0.01 percent to close at 4,280.01 points but the index of 45 most liquid stocks rose 0.05 percent to 742.08 points.
In addition, third quarter financial reports to be issued by listed companies are expected to show setback for the first time since 2009, PT Panin Sekuritas Tbk`s analyst Purwoko Sartono said.
"IMF has predicted that the global economy would grow only by 3.3 percent this year slower than its previous forecast of 3.5 percent, or the lowest since 2009," Purwoko said.
In 2013, the global economic growth is forecast by IMF at 3.6 percent revising down its previous forecast of 3.9 percent, he added.
Trade on Wednesday was recorded with 3.68 billion shares worth Rp4.14 trillion changing hand in 160,131 transactions.
Trade dominated by 140 decliners against 81 gainers with 106 shares inactive or flat.(*)
Editor: Heru Purwanto
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