TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) today closed with a 0.81-percent correction (39.16 bps) to 4,796.87. Today's trade, May 31, marked the index's first correction after a four-day rally of 2.63 percent.
The Indonesia Stock Exchange (IDX) today traded 528 stocks with 90 posting price gains, 187 corrected and 251 unchanged.
NH Korindo Securities Indonesia chief researcher Reza Priyambada urged market players to watch for a reversal after four straight days of rally.
"Buying volume has begun to drop now that investors are taking profits from the rally. Investors should be on the look-out for a reversal," he wrote in his research released today, as Bisnis Indonesia reported.
Over at the spot market, the rupiah closed with a 53-point (0.39 percent) decline to trade for Rp13,630 per US dollar.
The Garuda weakened along with regional currencies that received pressure from Federal Reserve governor Janet Yellen's statement on America's improving economy, which investors interpret as a chance for a Fed Rate hike in June.
BISNIS.COM | RR