ID :
28736
Thu, 11/06/2008 - 17:36
Auther :
Shortlink :
http://m.oananews.org//node/28736
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JAKARTA SHARES PLUNGE IN EARLY TRADING THURSDAY
Jakarta, Nov. 6 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange plunged in early trading on Thursday.
The IHSG was down 70.189 points or 5.14 percent at 1,296.086 and the LQ45 index declined 16.661 points or 6.12 percent at 250.262.
The weakening of the rupiah against US dollar (at the level of 11,050 per US dollar, or down 75 points) triggered a negative sentiment in the stock market.
PT Danareksa Sekuritas, a state-owned security company, in its daily research analyzed the index plunged because the market was still waiting for an announcement by Bank Indonesia (BI, central bank) on its key interest rate on Thursday (Nov.6).
Besides, the negative sentiment from the slumping down of US and regional bourses also significantly affected the stock trading at the Jakarta bourse.
Reuters reported the Dow Jones industrial average slid 486.01 points, or 5.05 percent, to 9,139.27. The Standard & Poor's 500 Index plunged 52.98 points, or 5.27 percent, to close at 952.77. The Nasdaq Composite Index lost 98.48 points, or 5.53 percent, to 1,681.64.
A report on around 157,000 job losses in October caused a negative sentiment that a recession would continue despite US President-elect Obama's promise to launch a growth stimulate package.
The share price plunge still dominated the market in early trading with 98 that lost, only seven that managed to advance, 11 that remained static, and 343 that were not yet actively traded.
The IHSG was down 70.189 points or 5.14 percent at 1,296.086 and the LQ45 index declined 16.661 points or 6.12 percent at 250.262.
The weakening of the rupiah against US dollar (at the level of 11,050 per US dollar, or down 75 points) triggered a negative sentiment in the stock market.
PT Danareksa Sekuritas, a state-owned security company, in its daily research analyzed the index plunged because the market was still waiting for an announcement by Bank Indonesia (BI, central bank) on its key interest rate on Thursday (Nov.6).
Besides, the negative sentiment from the slumping down of US and regional bourses also significantly affected the stock trading at the Jakarta bourse.
Reuters reported the Dow Jones industrial average slid 486.01 points, or 5.05 percent, to 9,139.27. The Standard & Poor's 500 Index plunged 52.98 points, or 5.27 percent, to close at 952.77. The Nasdaq Composite Index lost 98.48 points, or 5.53 percent, to 1,681.64.
A report on around 157,000 job losses in October caused a negative sentiment that a recession would continue despite US President-elect Obama's promise to launch a growth stimulate package.
The share price plunge still dominated the market in early trading with 98 that lost, only seven that managed to advance, 11 that remained static, and 343 that were not yet actively traded.
