Jakarta (ANTARA News) - The Indonesian Stock Exchange started trade this morning with share price index shrinking 0.22 percent to follow the trend in the regional market.

The BEI index was 9.64 points lower at 4,320.51 with index of 45 most liquid stocks lost 0.33percent to 746.01 points.

Teknikal Phillip Securities Indonesia`s analyst Gunawan Sutanto said the fall of regional market was triggered by falling prices of shares in US markets.

"The US indexes shrank on disappointing performance of listed companies as reflected in their financial reports and falling prices of commodities," Gunawan said.

He predictyed that the BEI index would hover around 4,290 - 4,375 point this year .

Meanwhile, Panin Sekuritas` analyst Purwoko Sartono said fears of the impact of Chinese economic slowdown also contributed to the BEI index fall.

In addition, the failure of the European Union in reaching an agreement on bail out fund for Spain added to worries that the European debt problem is still far from being solved.

Regional markets Hang Seng recorded a 0.17 percent loss in index to 21,661.52, with Nikkei-225 down 0.32 percent to 8,985.03, and Straits Times gaining 0.32 percent to 3,060.80 points.(*)

Editor: Heru Purwanto
Copyright © ANTARA 2012