ID :
33561
Tue, 12/02/2008 - 15:30
Auther :
Shortlink :
http://m.oananews.org//node/33561
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BEI INDEX OPENS 42 POINTS LOWER EARLY TUESDAY
Jakarta, Dec. 2 (ANTARA) - The Composite Stock Price Index (IHSG) opened much lower in the Indonesian Stock Exchange (BEI) early Tuesday as almost all major stocks had fallen, particularly those in the mining and plantation sectors.
The IHSG tumbled 42.078 points or 3.44 percent to 1,181.047, and the LQ45 index plunged 5.306 points or 2.24 percent to 231.776.
Bumi Resources shares were down by Rp70 to Rp870, Bank Mandiri fell Rp60 to Rp1,410, Astra International declined by Rp600 to Rp8,900, Indosat dropped Rp200 to Rp4,650, and State Gas Company went down by Rp60 to Rp1,810.
PT BNI Securities' research analyst Muhammad Alfatih told ANTARA here on Tuesday that technically the BEI index had remained negative.
"The BEI index tends to be continuously corrected," he said.
Depreciated shares still dominated the market with 70 shares that lost, only four that managed to advance, 9 that remained static, and 360 that were not actively traded.
The weakening BEI Index in early trading was also the result of negative sentiments in regional bourses on the overnight plunges of U.S. stocks, he said.
Wall Street tumbled on Monday as the National Bureau of Economic Research, an arbiter of US business cycles, declared that the US had entered recession in December 2008 while Federal Reserve Chairman Ben Bernanke said the US economy remained under considerable strain.
The Dow Jones industrial average plunged 7.7 percent while the tech-dominated Nasdaq composite index rose 8.95 percent.
The benchmark Korea Composite Stock Price Index (KOSPI) plummeted 46.55 points, or 4.4 percent, to 1,012.07 in the first 15 minutes of trading on Tuesday.
Meanwhile, Indonesia's rupiah nosedived against the US dollar early Tuesday as demand for the greenback was high in the runup to the year-end season.
The rupiah traded at Rp12,250/12,350 per US dollar, down 300 points from Rp11,950/Rp12,300 at the market's closing a day earlier.
The IHSG tumbled 42.078 points or 3.44 percent to 1,181.047, and the LQ45 index plunged 5.306 points or 2.24 percent to 231.776.
Bumi Resources shares were down by Rp70 to Rp870, Bank Mandiri fell Rp60 to Rp1,410, Astra International declined by Rp600 to Rp8,900, Indosat dropped Rp200 to Rp4,650, and State Gas Company went down by Rp60 to Rp1,810.
PT BNI Securities' research analyst Muhammad Alfatih told ANTARA here on Tuesday that technically the BEI index had remained negative.
"The BEI index tends to be continuously corrected," he said.
Depreciated shares still dominated the market with 70 shares that lost, only four that managed to advance, 9 that remained static, and 360 that were not actively traded.
The weakening BEI Index in early trading was also the result of negative sentiments in regional bourses on the overnight plunges of U.S. stocks, he said.
Wall Street tumbled on Monday as the National Bureau of Economic Research, an arbiter of US business cycles, declared that the US had entered recession in December 2008 while Federal Reserve Chairman Ben Bernanke said the US economy remained under considerable strain.
The Dow Jones industrial average plunged 7.7 percent while the tech-dominated Nasdaq composite index rose 8.95 percent.
The benchmark Korea Composite Stock Price Index (KOSPI) plummeted 46.55 points, or 4.4 percent, to 1,012.07 in the first 15 minutes of trading on Tuesday.
Meanwhile, Indonesia's rupiah nosedived against the US dollar early Tuesday as demand for the greenback was high in the runup to the year-end season.
The rupiah traded at Rp12,250/12,350 per US dollar, down 300 points from Rp11,950/Rp12,300 at the market's closing a day earlier.
