The index of 45 most liquid stocks of the Indonesian Stock Exchange (BEI) fell 0.29 percent to 909.05 points.
Asjaya Indosurya Securities analyst William Suryawijaya said the market players were waiting for the countrys economic data to be released by the Central Bureau of Statistics next week.
"The data are expected to be good that would draw more foreign fund to the market," William said.
The return of foreign fund to the market indicates that investors still have confidence in the countrys economy, he said.
HD Capitals analyst Yuganur Wijanarko said profit taking still continued resulting in the share price fall.
However, the index still has the potential to rise to a positive area, he said.
The trade on Thursday recorded a foreign net sell of Rp30.568 billion.
There were 193,979 transactions with 3.97 billion shares worth Rp4.29 trillion changing hands with decliners outnumbering gainers by 155 to 140 shares.
Regional markets such as Hang Seng,Nikkei and Straits recorded a decline in indices .(*)
Editor: Heru Purwanto
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