The composite index of the Indonesian Stock Exchange (BEI) shrank 90.22 points or 1.92 percent to close at 4,607.66 points.
"The BEI index fell again . We see investors continue selling shares resulting in the fall of the index," Panin Sekuritas` analyst Purwoko Sartono said.
Worries about cut in stimulus pledged earlier by the Fed was one of the reasons for the investment withdrawal from developing economies including Indonesia, Purwoko said .
He said the market has not responded to Bank Indonesia`s announcement of an increase in its benchmark interest rate (BI rate) although it is expected to help lift rupiah from the US dollar pressure.
"Investors are worried more by the impact of the increase in the interest rate on shares sensitive to interest rate such as property stocks," he said.
Trading was recorded with 197,062 transactions with 4.714 billion shares valued at Rp7.438 trillion changing hands .
Decliners far outnumbered gainers by 233 to 79 .
Regional markets such as Hang Seng recorded 2.19 percent decline in index to 20,887.04 points, Nikkei-225 suffered a 6.35 percent fall to 12,445.38 points and Straits Times lost 0.74 percent to 3,130.24 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
