The BEI index is forecast to hover around 4,362-4,415 pointsJakarta (ANTARA News) - The composite share price index of the Indonesian Stock Exchange (BEI) fell on Wednesday morning on profit taking, analysts said.
The BEI index opened 4.26 points or 0.10 percent lower to the position of 4,396.57 points with the index of 45 most liquid stock lost 1.09 point or 0.14 percent to 753.40 point.
"Profit taking dragged down the share prices," Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Wednesday.
Yualdo predicted the BEI index would be mixed and tended to decline with profit taking from a number of shares especially banking stocks, which earlier gained significantly.
He said Asian market opened lower this morning with the yen rebound after a week long weakening.
Trust Securities` analyst Reza Priyambada said technically the BEI index would move levelly with potential rise blocked by the absence of positive market sentiment.
"The BEI index is forecast to hover around 4,362-4,415 points," he said.
He said insignificant rise of rupiah and expected problem over US debt ceiling are potential bottleneck keeping the BEI index from rising
Regional markets Hang Seng recorded a 0.17 percent fall in index to 23,342.34 points, with Nikkei-225 index shrinking 1.54 percent to 10,711.86 points despite an increase of 0.21 percent in the index of Straits Times to 3,202.66 points. (AS/f001)
Editor: Ella Syafputri
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