Worries about a decline in US stimulus triggered the fall in the Asian market this morning."Jakarta (ANTARA News) - Investors sold domestic stocks triggering a 42.15 point fall of Indonesia`s benchmark stock index in the opening session on Wednesday.
"Market players at the Indonesian Stock Exchange (BEI) sold heavily piling pressure on the index," Samuel Sekuritas` analyst Benedictus Agung said here on Wednesday.
The Jakarta composite share price index fell 0.84 percent to 4,979.46 points with the 45 most liquid stocks shrinking 1.05 percent to the level of 827.93 points.
Benedictus said the BEI index shrank to follow the regional trend, all falling to the negative area.
"Worries about a decline in US stimulus triggered the fall in the Asian market this morning," he said.
A number of economists have predicted the Fed would cancel part of the stimulus it has provided in September this year.
Sinarmas Sekuritas` analyst Christandi Rheza Mihardja said technically the BEI index would gain strength to hover around 4,985-5,050 point on Wednesday.
Christandi recommended buying the shares of a number of companies including United Tractor (UNTR), Salim Ivomas Pratama (SIMP), Express Transindo Utama Tbk (TAXI), Ramayana Lestari Sentosa (RALS).
Regional markets Hang Seng recorded a 0.72 percent fall in index to 22,125.22 points, Nikkei-225 posted a 0.09 percent decline in index to 13,523.35 points with Straits Times recording a fall of 0.57 percent in index to 3,272.91 points.
(Uu.H-ASG/F001)
Editor: Priyambodo RH
Copyright © ANTARA 2013
