In addition, there was negative sentiment from the country`s trade deficit in April."Jakarta (ANTARA News) - The Indonesia`s benchmark stock index fell 16.99 points on profit taking by foreign investors in Friday`s opening trade.
The Indonesian Stock Exchange (BEI) started trading that day with index down 16.99 points or 0.34 percent to the level of 4,984.32 points with index of 45 most liquid stocks falling 0.51 percent to 826.83 points.
Panin Sekuritas` analyst Purwoko Sartono said the movements of the BEI index was still shadowed by big sales by foreign investors.
"In addition, there was negative sentiment from the country`s trade deficit in April," Purwoko said.
He predicted the BEI index would fluctuate and tended to decline to around 4,907-5,030 point this weekend.
Samuel Sekuritas` analyst Benedictus Agung said the domestic shares fell to follow the regional downtrend led by Japanese stock exchange.
"The sale pressure is feared to continue this weekend with the high volatility of the rupiah and correction on the domestic bon market," Benedictus said.
Regional markets such as Hang Seng recorded a 0.56 percenbt fall in index to 21,717.09, with Nikkei-225 down 1.01 percent in index to 12,773.10, and Straits Times shrinking 0.04 percent to 3,191.66 points.
(Uu.H-ASG/O001)
Editor: Priyambodo RH
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