The BEI index declines against the trend in regional market, which grew on optimism that the United States would cope with its fiscal cliff, analyst Reza Priyambada said.
Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading here on Friday morning with composite share price index falling against the regional trend.

The BEI index was 4.09 points or 0.09 percent lower at 4,315.12 points with index of 45 most liquid stocks weakening 0.16 percent to 737.28 points.

The BEI index declines against the trend in regional market, which grew on optimism that the United States would cope with its fiscal cliff, Trust Securities` analyst Reza Priyambada said.

The condition at present is not favorable with no positive sentiment to push up the index, Reza said.

Panin Sekuritas` analyst Purwoko Sartono said the BIE index is still volatile as the market is still waiting to see how the United States would escape from its fiscal cliff .

Purwoko, however, predicted that the BEI index would rebound to the range of 4,300-4,350 point today.

Regional markets Hang Seng recorded a 0.63 percent increase in index to 22,060.66 points, with Nikkei-225 index up 0.88 percent to 9,483.49 points and Straits Times gaining 0.96 percent to 3,075.13 points.(*)

Editor: Heru Purwanto
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