"The BEI index today is expected to weaken with minimum new positive sentiment in the country," analyst Yualdo Yudoprawiro said predicted.Jakarta (ANTARA News) - The share price index of Indonesian Stock Exchange (BEI) fell again in the opening trade on Thursday to follow the regional sentiment.
The BEI index closed 0.24 points lower at 4,280.01 point on negative global sentiment.
On Thursday`s opening trade the index slipped further 0.26 percent to 4,268.76 points with the index of 45 most liquid stock down 0.39 percent to 759.22 points.
The majority Asian markets opened with shrinking index, Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Thursday.
Yualdo said the weakening of the BEI index was also attributable to the scaling down of Spain`s debt rating by Standard & Poor`s (S&P) by two levels to BBB- (triple B minus).
Negative sentiment also came from Japan with machinery order data in August worse than expected, he added.
"The BEI index today is expected to weaken with minimum new positive sentiment in the country," he predicted.
Panin Sekuritas` analyst Purwoko Sartono attributed the fall of the index to global economic outlook by the International Monetary Fund (IMF) which revised down its forecast of the global economic growth .
IMF said the global economy is forecast to grow only 3.3 percent this year lower than its previous prediction of 3.5 percent or the lowest since 2009.
Regional markets Hang Seng recorded an increase in index by 0.26 percent to 20,974.54 points , Nikkei-225 index fell 0.29 percent to 8,571.44 points and Straits Times down 0,08 percent to 3,031.24 points. (*)
Editor: Heru Purwanto
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