The Composite Price Index (IHSG) closed at 4,838.28, down by 33.28 points or 0.68 percent, while most liquid shares of the LQ45 index declined by 6.91 points or 0.83 percent to 824.73.
"The minimum positive sentiment at home and from abroad led to a BEI index correction once again," Head of Research of Valbury Asia Securities Alfiansyah said.
He added that the IHSG movement was influenced by the low prospects of Indonesias economic growth, with a number of financial institutions having revised down their projection for the national economic growth this year.
"The Asian Development Bank revised down Indonesias GDP growth from 5.5 percent to 5.0 percent for 2015, or within the range of 4.8 to 5.2 percent," he pointed out.
In addition, the International Monetary Fund (IMF) predicted that Indonesias GDP in 2015 will remain 4.7 percent, which is lower than the governments latest projection of 5.2 percent.
On external factors, Alfiansyah stated that the Greek debt crisis has continued to affect the global share market and the IHSG.
Most investors are still closely monitoring the development of the Greek debt negotiations.
Although the result of the recent referendum has clearly shown the rejection of Greeces bailout, a number of parties still have hope for an agreement to be made with the European Union, the European Central Bank and the IMF.
As many as 201,765 BEI transactions were recorded, with 3.49 billion shares worth Rp3.49 trillion traded.
While 96 shares were up, 189 others were down, and 98 stagnant.
Moreover, regional exchanges, including Hang Seng, were up 876.23 points (3.73 percent) at 24,392.79, while Nikke rose 117.86 points (0.60 percent) to 19,855.50, and Strait Times declined 12.89 points (0.39 percent) to 3,272.10.
Reporting by Zubi Mahrofi
(H-YH/INE)
Editor: Suryanto
Copyright © ANTARA 2015
