The index of the Indonesian Stock Exchange (BEI) fell 14.10 points to 5,174.01 points with index of 45 most liquid stocks down 0.56 percent to 878.71 points.
Asjaya Indosurya Securitiess analyst William Surya Wijaya said profit taking by foreign investors resulted in the JCI reversing to the negative area.
"The BEI index was in the positive area earlier in the day before the capital outflow cutting the JCI," William said.
Trade data at the BEI showed a net sell of Rp440.622 billion on Wednesday .
William cautioned short term investors against further fall in share prices, but long term investors could take advantage of the price fall by buying shares.
Sinarmas Sekuritas analyst Natalia Sutheno said the index would be determined by both external and internal sentiments.
External factor is the latest US housing data to be released soon and internal factor is the result of the plenary session of the parliament on draft law on regional elections to be held on Thursday.
There were 191,125 transactions at the BEI in the Wednesdays trading with 3.65 billion shares valued at Rp3.41 trillion changing hands .
Gainers outnumbered decliners by 184 to 125 shares with 98 shares remaining flat.
Regional markets such as Hang Seng reported an increase in index but Nikkei and Straits Times recorded a decline.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
