The index of the Indonesian Stock Exchange (BEI) fell 0.19 percent to 5,088.80 points with index of 45 most liquid stocks down 0.50 percent to 868.29 points.
Asjaya Indosurya Securities analyst William Surya Wijaya said the JCI is in the process of consolidation and the market players are awaiting what is to come from the move by losing presidential candidate bringing case of alleged rigging of election and the release of economic data for July.
"The macro economic indicators , however, are predicted to be stable still," William said
He hoped that the countrys current account performance would improve as it would be one of the drivers pushing up the JCI in the coming days.
HD Capitals analyst Yuganur Wijanarko big sales by investors ahead of long Idul Fitri holidays has put significant pressure on the domestic market.
"Some market players sold their shares on expectation that the inflation in July would increase," he said.
Trade on Friday recorded 246,761 transactions with 3.87 billion shares valued at Rp5.05 trillion changing hands.
Gainers outnumbered decliners by 156 shares to 148 shares with 98 shares flat.
Regional markets such as Hang Seng and Nikkei recorded an increase in index with Straits Times down in index.
Meanwhile rupiah gained in inter-bank transactions closing at the level of 11,563 per US dollar from an earlier level of 11,568 per dollar.
Monex Investindo Futures analyst Ariston Tjendra said rupiah rose only slightly as investors still are worried that the Fed would raise its interest rate earlier than expected.
Rupiah is also under pressure by the protracted crisis in Ukraine that could trigger oil price hike. (*)
Editor: Heru Purwanto
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