The BEI index closed 42.94 points or 0.99 percent lower at 4,276.14 points with the index of 45 most liquid stock down 1.54 percent to 727.07 points.
"The BEI index weakened when regional markets are in the positive area. BEI index was beset by profit taking with a number of foreign market players still in the selling position," said Trust Securities` analyst Reza Priyambada here on Friday.
Reza said the position maintained by foreign investors had psychological effect on domestic investors.
Reza, however, predicted the BEI index would rebound in tomorrow`s trading on positive sentiment from regional market.
Panin Sekuritas` analyst Purwoko Sartono noted that the BEI index decline was driven by falling plantation and banking share prices.
The banking shares fell following projection of Bank Indonesia that banking credit growth would decline to 23 percent from previous prediction of 25 percent, he noted.
He predicted that in next week`s first trading day the BEI index would move mixed and tended to weaken at 4,250-4,320 points.
Around 5,289 billion shares valued at Rp6.734 trillion changed hand in 177,233 transactions in today`s trade.
Decliners outnumbered gainers by 131 to 124 with 106 shares flat.
Regional markets Hang Seng recorded a 0.49 percent increase in index to 22,030.39 points with Nikkei-225 index up 0.48 percent to 9,446.01 points and Straits Times gaining 0.79 percent to 3,069.95 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
