"The shrinking prices of commodities triggered share price fall in the Asian market..."Jakarta (ANTARA News) - The prices of Indonesian stocks closed lower in trading on Monday to follow the trend in the regional market.
The Indonesian Stock Exchange (BEI) closed with index fell 42.62 points or 0.86 percent to 4,894.59 points with the prices of 45 most liquid stocks down 1.02 percent to 825.59 points.
HD Capital`s analyst Yuganur Wijanarko said the market players took selling action on falling commodity prices.
"The shrinking prices of commodities triggered share price fall in the Asian market including BEI," Yuganur said here on Monday.
However, the share prices would likely pick up again soon to hit a new record, he predicted.
"It is estimated the BEI index could move up to as high as 5,050 points led by a number of major shares like Alam Sutera (ASRI), Bank Tabungan Pensiunan (BTPN), Adaro Energy (ADRO), Bekasi Fajar (BEST)," he said.
Trade today recorded 102,410 transactions involving 2.864 billion shares valued at Rp3.4 trillion with 65 gainers and 188 decliners and 128 stocks flat.
Regional markets Hang Seng recorded a decline of 1.43 percent in index to 21,772.67 points, Nikkei-225 posted a 1.55 percent decline in index to 13,275.66 points and Straits Times fell 0.30 percent in index to 3,284.37 points.
(Uu.H-ASG/A014)
Editor: Priyambodo RH
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