"Profit taking followed a significant price hikes in the previous two days, resulting in the index fall," analyst Purwoko Sartono said.Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading Thursday morning with the composite share price index falling on profit taking by market players.
The BEI index fell 13.09 points or 0.26 percent to 5,047.83 points with index of 45 most liquid stocks following the trend down 0.38 percent to 856.76 points.
"Profit taking followed a significant price hikes in the previous two days, resulting in the index fall," Panin Sekuritas` analyst Purwoko Sartono said here on Thursday.
The BEI index , however, still has the potential rise any time to 5,036-5,086 points, Purwoko said.
The economic data released by the Central Bureau of Statistics and financial performances reported by issuers were quite positive in line with the market expectation, he said.
Samuel Sekuritas` analyst Benedictus Agung said the majority of Asian markets opened lower on Thursday giving a negative sentiment to the Indonesian market.
He said that mining shares on the domestic market may weaken on Thursday on falling prices of mining commodities in international market.
Regional markets Hang Seng recorded a 0.24 percent decline in index to 22,640.74 points , with index of Nikkei-225 down 0.46 percent to 13,735.84 points and that of Straits Times gaining 0.39 percent to 3,381.21 points.(*)
Editor: Heru Purwanto
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