The index of the Indonesian Stock Exchange (BEI) closed 0.49 percent lower at 4,623.57 points with index of 45 most liquid stock down 0.66 percent to 779.69 points.
"The BEI index correction on profit taking was natural after a rally in previous weeks," a researcher at PT Asjaya Indosurya Securities, William Surya Wijaya, said .
In general, the BEI index was still in a rising trend with heavy buying and net buy by foreign investors reaching Rp543.3 billion at the first trading day of this week, William said.
HD Capital analyst Yuganur Wijanarko said the market was under pressure of shares being overbought resulting in the BEI index fall, he said.
There were 220,995 transaction recorded in Mondays trading at BEI with 3.77 billion shares worth Rp4.52 trillion changing hands.
Regional markets such as Hang Seng recorded a 0.80 percent fall in index to 22,388.56 points with Nikkei index down 0.19 percent to 14,837.68 and that of Straits Times gaining 0.19 percent to 3,105.84 points.
(SYS/H-ASG/A014)
Editor: Suryanto
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