REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) extended losses closing lower on Thursday on profit taking by foreign investors.
The index of the Indonesian Stock Exchange (BEI) fell 3668 points or 0.68 percent to 5,368.80 points with index of 45 most liquid stocks down 0.78 percent to 937.01.
"Potential rise of JCI was curbed by share sales or profit taking by foreign investors. The fluctuation of index varied with some investors selling and other buying shares," chief researcher of NH Korindo Securities Indonesia Reza Priyambada said.
The trade on Thursday was marked with foreign net sell of Rp327.795 billion.
Reza said declining trend of indices in the regional markets and rupiah falling value against the US dollar added to the negative sentiment in the domestic market.
HD Capital's analyst Yuganur Wijanarko sauid the JCI correction was only limited not significant to change mid term trend which is still relatively positive.
"I still believe the JCI will still move levelly," he said.
Trade on Thursday recorded 240,840 transactions with 4.84 billion shares valued at Rp5.19 trillion changing hands.
Decliners outnumbered gainers by 210 to 91 shares with 95 shares remaining unchanged.
Regional markets such as Hang Seng and Nikkei recorded a decline in indices and Straits Times gained.
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