"Technically the BEI index has the potential to gain with the stability of the country`s economy, but negative external sentiment came in its way," Trust Securities` analyst Reza Priyambada said here on Tuesday.
The BEI index shrank 13.26 points or 0.27 percent to 4,881.34 points with index of 45 most liquid stocks down 0.40 percent to 822.28 points.
Reza said Asian shares including Indonesian shares weakened on US economic data tending to decline.
Samuel Sekuritas` analyst Yualdo Yudoprawiro said world`s commodity price falls also contributed to weakening Asian markets.
"The price of oil continued to fall this morning by 2.5 percent to US$86.4 per barrel or down 8.7 percent in the last four day trading," Yualdo said.
He predicted the prices of energy shares are expected to decline to follow the oil price fall.
Regional markets Hang Seng recorded a 0.81 percent fall in index to 21,596.64 points with index of Nikkei-225 shrinking 1.14 percent to 13,123.98 points and Straits Times posted a 0.52 percent fall in index to 3,267.26 points. (*)
Editor: Heru Purwanto
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