REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) closed lower 1.27 percent on Wednesday on profit taking.
The index of the Indonesian Stock Exchange fell 67.51 points to 5,253.38 points with index of 45 most liquid stocks down 1.60 percent to 912.92 points.
Asjaya Indosurya Securities' analyst William Surya Wijaya said some of the market players took profit after share price hike the day before.
He described the correction on Wednesday as natural confirming that in short term the JCI is on a rising trend espe3cially with the inflows of foreign funds.
Despite the JCI fall, trade on Wednesday was marked with foreign net buy of Rp220.126 billion.
Trade on Wednesday closed with 230,362 transactions and 3.75 billion shares valued at Rp4.08 trillion changed hand.
Decliners outnumbered gainers by 216 shares to 92 shares with 91 shares stagnant.
Regional markets such as Hang Seng and Straits Times recorded a decline in index with Nikkei gaining.
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