"The BEI index opened lower today to follow negative sentiments from the global and Asian markets," analysts said.Jakarta (ANTARA News) - Indonesian shares lost 18.79 points when the Indonesian Stock Exchange (BEI) opened trade this morning hit by negative global sentiments.
After strong gains last weekend, the BEI index shrank 0.43 percent to 4,312.46 with index of 45 most liquid stocks down 0.64 percent to 745.51 points.
"The BEI index opened lower today to follow negative sentiments from the global and Asian markets," analysts said.
The release of Japan`s export data showing a 10.3 percent fall and Wall Street`s heavy losses contributed to the negative sentiment, the said.
Samuel Sekuritas` analyst Yualdo Yudoprawiro said many market players were disappointed with the result of the meeting of the European Union leaders failing to decide on proposed bail out fund for Spain.
The meeting decided only unification of central banks in the Euro zone in 2013 with ECB as the single watchdog.
Yualdo said little new domestic positive sentiments especially related to the performance of listed companies in the third quarter of this year allowed the BEI index to follow the regional trend.
Panin Sekuritas` analyst Purwoko Sartono said profit taking contribute to weakening the index .
"Negative sentiment brought about by increase in claim of US unemployment allowance also pout pressure on sales," Purwoko said.
He predicted the BEI index will move around 4,305-4,350 points today, saying the market would still wait and see financial reports next week.
Regional market Hang Seng recorded an increase of 0.01 percent in index to 21,553.95 points, Nikkei-225 lost 0.84 percent to 8,927.24, and Straits Times lost 0.32 percent to 3,039.28 points.(*)
Editor: Heru Purwanto
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