The index of the Indonesian Stock Exchange (BEI) fell 31.69 points or 0.61 percent to 5,188.11 points with the index of 45 most liquid stocks down 0.82 percent to 883.67 points.
"The JCI is still in the process of consolidation and tended to decline ahead of the forming of the cabinet under the president elect Joko Widodo and vice president elect Jusuf Kalla," Asjaya Indosurya Securitiess analyst William Surya Wijaya said.
However, the price fall might prompted investors to buy shares resulting in the return of the JCI to the positive area, William said.
"In long term the JCI shows a rising tendency," he said
Trade at the BEI on Tuesday was marked with 207,571 transaction amd 3.39 billion shares worth Rp3.77 trillion changing hands.
Gainers were outnumbered by decliners by 89 to 243 with 88 shares remaining flat.
Regional markets such as Hang Seng and Nikkei recorded a decline in index but Straits Times gained.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
