REPUBLIKA.CO.ID, JAKARTA -- Composite Stock Price Index (IHSG) of Indonesia Stock Exchange (BEI) in Jakarta, on Monday, weakened by 11.49 points. This was due to the impact of negative stock market sentiment in Asia.
IHSG was opened lower by 11.49 points or 0.40 percent to 4,192.71. While the group of 45 leading stocks or LQ45 moved down by 5.74 points (0.96 percent) to 692.63.
"The rate of IHSG at the beginning of this week weakened again in line with the pace of regional stock exchanges which tend to be negative. This situation makes stock market participants in the country re-sell stocks," said Head of Research of NH Korindo Securities Indonesia, Reza Priyambada, Monday (28 / 9).
According to him, the weakening of regional stock exchanges was because of stock market participants are still responding to the decision the US central bank (the Fed), which keeps the interest rates at low levels. Market participants assessed, the Fed's decision not to raise its interest rate was signaled that the global economic recovery is still slow.
Samuel Securities analyst, Akhmad Nurcahyadi, added that stock market participants are waiting for government policy that will re-issue a policy package volume II in the near future. It was expected to get a positive response from the market.
"a policy package volume II, which include relaxation or tax reductions, are expected to be issued," he said.
Regional exchanges, including exchanges Hang Seng index rose by 90.34 points (0.43 percent) to 21186.32, Nikkei index fell by 157.16 points (0.88 percent) to 17723.35, and the Straits Times index fell by 43 , 63 points (1.54 percent) to 2789.01.