The index of the Indonesian Stock Exchange fell 24.58 points or 0.56 percent to 4,326.21 points with index of 45 most liquid stocks shrinking 0.70 percent to 722.01 points.
"Selling pressure continued with the rupiah value shrinking against the US dollar," PT Anugerah Sekurindo Indahs analyst Bertoni Rio said.
The decline led by consumer, finance, mining, trading and construction stocks, Bertoni said.
Corrections recorded in global markets on expectation that the Fed would start reducing stimulus program soon, added to the pressure on the BEI index, he said.
"The expectation with improve condition of the US economy prompted share sales by foreign investors resulting in foreign net sales of Rp525.677 billion on Thursday," he noted.
HD Capitals analyst Yuganur Wijanaroko said technically the BEI index has crossed the low level limit of 4,375 points , but it could still dive to the rock bottom at 4,235 points.
On Thursday BEI recorded 107,837 transactions involving 3.26 billion shares worth Rp4.10 trillion with gainers outnumbered by decliners by 89 to 176.
Regional markets such as Hang Seng closed trading having index down 0.51 percent to 23,580.29 points with Nikkei-225 index up 1.92 percent to 15,365.60 points and that of Straits Times losing 0.38 percent to 3,171.99 points.(*)
Editor: Heru Purwanto
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