TEMPO.CO, Jakarta - Indonesian stocks slipped again in response to the fuel oil policy, which makes investors worried over the national economy and issuers performances. On yesterday trade, the Jakarta Composite Index (JCI) lost 38.40 points (0.74 percent), closing at 5,146.55 bps.

Securities analyst Ilham Said said investors are anxious that the restriction in subsidized fuel consumption could lead to price hikes, which will cause operating costs to swell and eventually create a dent on issuers' year-end profit rate.

"Pressure on JCI continues to come from speculations over fuel price policies," he said.

Ilham said that the index is also corrected by technical factors. Stocks over valuation that occurred several weeks of gains prompted investors to sell. "Some basic industry and property stocks are experiencing technical corrections," he said.

He projected the index to remain under pressure due to uncertainties regarding subsidized fuel policies. Investors are advised to hold from trading blue chips stocks.

Today the JCI is predicted to move in the range of 5,110-5,200 bps. Ilham said investors should consider stocks from the trade and construction sectors, as lack of positive sentiments is expected to weigh on JCI's movements.

PDAT | MEGEL JEKSON