JAKARTA, NNC - The Jakarta Composite Index (JCI) of Indonesia Stock Exchange (IDX) on Friday (11/9/2018) opened weaker triggered by profit taking by some investors.
JCI opened lower by 42.62 points or 0.71 percent to 5,934.17. While the 45 leading stocks or the LQ45 index moved down 10.62 points or 1.11 percent to 944.74.
Senior analyst at CSA Research Institute, Reza Priyambada in Jakarta on Friday said some stock market participants took advantage of the JCI increase in recent days for profit taking positions.
"Profit taking made the JCI rate stifled," he said.
He added that during trade on Thursday (11/8), the volume of trade was running low so it was prone to profit taking this weekend..
"It is expected that the persistence of foreign investors in the stock market and the positive expectations of current account figures can hold the JCI pressure deeper," he said, as quoted by Antara.
Regional markets, including the Nikkei index fell 176.27 points (0.78 percent) to 22,310.64, the Hang Seng index weakened 464.35 points (1.77 percent) to 25,763.36, and the Straits Times index weakened 24.67 points (0.80 percent) to the position of 3,068.57.