Rupiah value shrank to 12,661 per US dollar on Monday afternoon or the worst in five years.Jakarta (ANTARA News) - The Jakarta composite index (JCI) ended the trading day Monday in the red on internal and external negative sentiments, analysts said.
The index of the Indonesian Stock Exchange closed 52 points or 1.01 percent lower at 5,108.43 points with 45 most liquid stocks down 1 percent to 879.13 percent.
Asjaya Indosurya Securities analyst William Suryawijaya said plunging global share markets and rupiah fall against the US dollar weighted down the JCI.
"The combination of the domestic and external sentiments prompted sell off putting pressure on the JCI," William said.
However, the price fall could encourage accumulation of shares by investors that the price would climb again in short term, he said.
Associate Director and chief researcher of PT Trimegah Securities Tbk, Sebastian Tobing, said the rupiah fall in value lately had not worried foreign investors but, too sharp fall could cause big concern.
Rupiah value shrank to 12,661 per US dollar on Monday afternoon or the worst in five years.
Trade on Monday was marked with a foreign net sell of Rp828.06 billion.
Transactions were recorded 265,177 times with 6.63 billion shares worth Rp4.41 trillion changing hands.
Decliners outnumbered gainers by 242 to 96 with 64 shares unchanged.
Regional markets such as Bursa Hang Seng, Nikkei and Straits Times recorded a decline in indices. (*)
Editor: Heru Purwanto
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