"Crude palm oil and coal shares were vulnerable to profit taking," analyst Yualdo Yudoprawiro said.Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading on Thursday morning with the composite share price index falling 6.39 points amid gains recorded by the majority Asian markets.
"Crude palm oil and coal shares were vulnerable to profit taking," Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Thursday.
The BEI index declined 0.15 percent to 4,331.14 points despite gains recorded by most Asian markets notably Japanese market, analysts said.
The index of 45 most liquid stocks also weakened 0.22 percent to 741.06 points.
Pessimism prevailed again over the market players in the country after the governor of the FED said that no way to cope with economic slowdown if the fiscal cliff would be a reality in 2013.
Sinarmas Sekuritas` analyst James Wahjudi predicted that the BEI index would fluctuate around 4,290-4,360 points in Thursday`s trade.
"The result of the US central Bank meeting and anticipation of the release of US economic data especially about initial jobless claims and retail sales would give a push to the BEI index," James said.
Regional markets, Hang Seng recorded a 0.2 percent rise in index to 22,547.69 points with Nikkei-225 up 1.62 percent to 9,736.57, and Straits Times gaining 0.12 percent to 3,145.38 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
