The strongest pressure on the BEI index is the rupiah fall
Jakarta (ANTARA News) - Indonesia`s benchmark stock index fell again on Monday on negative sentiment brought about by the country`s trade balance deficit.

The index of the Indonesian Stock Exchange (BEI) closed 2.24 percent lower at 4,101.23 points with index of 45 most liquid stocks down 3.17 percent to 678.82 points.

"The Indonesian trade deficit that widened 2.4 percent in July compared with the previous month resulted in the BEI index and rupiah falls," HD Capital`s analyst Yuganur Wijanarko said here on Monday.

Positive sentiment from August`s inflation data, which was lower than expectation was not enough to offset the impact of trade deficit, Yuganur said.

Panin Sekuritas` analyst Purwoko Sartono said amid gain recorded by the majority of Asian markets, the BEI index shrank as a result of lack of positive sentiment in the country.

"The strongest pressure on the BEI index is the rupiah fall," Purwoko said, predicting the index would fall further on Tuesday.

Monday`s trading recorded 169,654 transactions with 3.594 billion shares valued at Rp4.535 trillion changing hands.

Gainers were heavily outnumbered by decliners by 78 to 200 with 888 shares unchanged.

Regional market such as Hang Seng recorded a 2.04 percent rise in index to 21,175.34 points with , Nikkei-225 index climbing 1.37 percent to 13,572.92 points and that of Straits Times , up 0.88 percent to 3,055.72 points.

Editor: Ella Syafputri
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