"The IHSG opened lower because of the lack of positive sentiments in the domestic market, after breaking the highest level it had ever reached," Samuel Securities Analyst Adrianus Bias said here on Monday.
IHSG dropped 2.04 points, or 0.05 percent, to 4463.47 points and LQ45 fell 0.52 points, or 0.07 percent, to 766.39 points.
"Some sectors that strengthened significantly over the past week, such as such as automotive, banking and construction, saw profit taking," he added.
Meanwhile, Panin Securities analyst Purwoko Sartono predicted that the IHSG would rise over the course of this week.
"The flow of foreign funds is likely to drive up the BEI index this week. The index is projected to remain in the range of 4,430-4,480 points on Monday," he said.
Hang Seng rose 24.26 points, or 0.10 percent, to 23,626.04 points; Nikkei-225 fell 96.35 points, or 0,88 percent, to 10,816.95; and Straits Times gained 8.86 points or 0.28 percent, to 3,220.08 points.(*)
Editor: Heru Purwanto
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