Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading this morning with composite share price index down 24.13 point on progress in US handling of fiscal cliff putting pressure on US market.

The BEI index fell 0.56 percent to 4,313.38 points with the index of 45 most liquid stocks declining 0.77 percent to 737.07 points.

"Led by the US market, the majority of Asian markets fell on fiscal cliff risk," Samuel Sekuritas` analyst Yualdo Yudoprawiro said.

In addition, a statement by OECD that the US and the global economy would plunge to a new recession of fiscal cliff is not immediately coped with, Yualdo said.

Consumer sector and banking shares would fall again today , but palm oil share would rise slightly to follow CPO price hike in Rotterdam last night, he predicted

Panin Sekuritas` analyst Purwoko Sartono said profit taking also caused the decline in BEI index this morning.

He predicted the the BEI index would move mixed to hover around 4,320-4,350 point today.

Regional markets Hang Seng recorded a 0.66 percent decline in index to 21,699.66 points, with Nikkei-225 index down 0.84 percent to 9,343.93, and Straits Times index down 0.30 percent to 3,003.02 points. (*)

Editor: Heru Purwanto
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