REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index fell down slightly in the morning trade on Tuesday on profit taking, analyst said.

The index of the Indonesian Stock Exchange (BEI) fell 5.56 points or 011 percent to 5,254.45 points with index of 45 most liquid stocks diving 0.15 percent to 911.63 points.

The index began a down trend on Tuesday after recording gains last week that prompted profit taking by some investors.

"The BEI index fell slightly in early trading days this week as some market players taking profit, but the index has returned to positive territory," chief researcher of Woori Korindo Securities Indonesia Reza Priyambada said.

Reza said the indices in Asian regional markets moved in positive area driving the BEI index to positive area .

The market showed no much reactions to the conflict between police and the Corruption Eradication Commission (KPk), he said, adding in fact the BEI index continued on the rising trend.

"We do hope the conflict sentiment would not affect the market," he said.

The trend of the BEI index reversed at 09.30 local time gaining 8.46 point (0.14 percent to 5,268.62 points after falling in the first minutes of trading on Tuesday.

Head of Research of Valbury Asia Securities Alfiansyah said the conflict between the two law enforcement agencies did caue panic in the market but the tension receded soon.

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

Ikuti Whatsapp Channel Republika