JCI Extends Losses on Friday

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  • Wartawan mengecek pergerakan saham pada komputer tablet di Bursa Efek Indonesia (BEI), Jakarta, 7 Juli 2014. TEMPO/Tony Hartawan

    Wartawan mengecek pergerakan saham pada komputer tablet di Bursa Efek Indonesia (BEI), Jakarta, 7 Juli 2014. TEMPO/Tony Hartawan

    TEMPO.CO, JakartaThe Jakarta composite index (JCI) fell in the closing trade on Friday on falling value of rupiah.

    The index of the Indonesian Stock Exchange closed 13.22 points or 0.26 percent lower at 5,053.76 points with index of 45 most liquid stocks down 0.36 percent to 861.90 points.

    Analysts, however, predicted the share prices would increase next week with index reaching at 5,125 to 5,165 points.

    Chief researcher of Trust Securities Reza Priyambada said escalation of conflicts in Ukraine still served negative sentiment to Asian market including BEI.

    Election dispute now being handled by the Constitutional Courts also contributed to share price fall, Reza said.

    There were 160,971 transactions in Friday trade at BEI with 3.005 billion shares worth Rp3.116 trillion changing hands.

    Decliners outnumbered gainers by 165 to 118 shares with 97 shares flat.

    Regional markets such as Hang Seng, Nikkei and Straits Times recorded a decline in index.

    Meanwhile rupiah lost more value against the US dollar trading at the level of 11,770 on Friday afternoon weakening from 11,750 per dollar earlier.

    Combination of negative domestic and global sentiments put pressure on rupiah, financial market observer from Bank Himpunan Saudara Rully Nova said.

    ANTARA