REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) opened 0.18 percent lower on Thursday on profit taking by some market players, analysts said.
The index of the Indonesian Stock Exchange (BEI) fell 8.83 points to 4,963.12 with the index of 45 most liquid stocks down 0.27 percent to 839.78 points.
"The JCI shrank this morning after a significant rise yesterday because of profit taking by some investors," chief researcher of Trust Securities Reza Priyambada said.
Reza said the market players took profit while waiting for the result of the regular meeting of Bank Indonesia leaders on Thursday.
"He said it is expected the result of the meeting would be in line with the market estimate," he said.
In addition, the majority of markets in Asia are under pressure on Thursday morning, he added.
Samuel Sekuritas' analyst Tiesha Narandha Putri said the JCI is still consolidating on sentiment from the presidential election which is expected to be smooth.
The market was also affected by the World Bank trimming its global growth target.
Regional markets such as Hang Seng, Nikkei and Straits Times weakened on Thursday morning.
Meanwhile, rupiah in interbank transactions gained over the US dollar in the first minutes of trade on Thursday .
The Indonesian currency traded at the level of 11,804 per US dollar strengthening from earlier level of 11,821 per dollar.
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