After significant gain on Wednesday, negative global sentiment curbed further increase of the BEI index, Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Thursday.
The BEI index fell 16.59 points or 0.33 percent to 4,982.05 points with index of 45 most liquid stocks shrinking 0.49 percent to 843.74 points.
"Asian markets opened with index 0.7 percent lower on Thursday on negative sentiment brought about by the fall in commodity prices last night," Yualdo said, adding oil price dropped 2.6 percent to US$86.4 per barrel.
He said significant increase in the price of cement stock on Wednesday was liable to shrink on profit taking on Thursday.
"Banking and commodity shares are also expected to weaken," he said.
Panin Sekuritas` analyst Purwoko Sartono BEI index is expected to hover in limited space at 4,971-5,015 points on potential profit taking.
External sentiment tended to be negative with the International Monetary Fund revising down its projection of world economic growth and urging Europe to adopt aggressive monetary policy to reverse the trend of economic contraction entering the second year.
Regional markets Hang Seng recorded a 0.12 percent increase in index to 21,595.24 points with Nikkei-225`s index falling 0.84 percent to 13,270.03 points and Straits Times down 0.04 percent in index to 3,290.30. (*)
Editor: Heru Purwanto
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