Jakarta (ANTARA News) - The Jakarta composite index (JCI)closed slightly lower on Thursday amid declining trend of the majority market in the Asian region, analysts said.

The index of the Indonesian Stock Exchange (BEI) fell 0,17 points or to 5,048.66 points while the index of 45 most liquid stocks edged up 0.16 percent to 864.55 points.

Asjaya Indosurya Securities analyst William Suryawijaya said share buying by foreign investors curbed the stock price from falling under the pressure of the slump that hit other Asian market.

"The JCI moved in the negative area during the trade the hole day but toward the end of the trading day the foreign investors entered the market to buy shares reducing the pressure," William said.

Foreign net buy was recorded at Rp149.66 billion in the Thursday trade.

"The share buying by foreign investors showed that investors confidence was still high in the countrys capital market," he said.

Therefore, he predicted that the possibility of the HCI to gain is wide open .

There were 180,044 transactions recorded in Thursdays trading with 2.89 billion shares worth Rp2.99 trillion changing hands.

Regional markets such as Hang Seng, Nikkei and Straits Times recorded an increase in index. (*)

Editor: Heru Purwanto
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