The Jakarta Composite Index (IHSG) fell 1.97 percent to 4,931.39 at the close of the first trading session on Friday, a decline of 98.86 points. The fall tracked losses across Asian stock markets.
Regional sell-off deepens
The Nikkei 225 dropped 6.28 percent, or 316.94 points, to 57,240. South Korea’s stock index lost 5.70 percent, or 306.93 points, to 5,076.87.
A Mirae Asset Sekuritas Indonesia analyst said the regional pressure followed a sell-off on Wall Street in the prior session.
Broad losses across the exchange
Every sector on the Indonesia Stock Exchange (BEI) finished in negative territory. Basic materials was the weakest, down 4.05 percent, ahead of infrastructure at 2.95 percent and energy at 2.81 percent.
Of the listed shares, 496 fell, 118 rose and 96 were unchanged. Barito Pacific (BRPT) dropped 6.6 percent, Amman Mineral Internasional (AMMN) lost 4.9 percent and Chandra Asri Pacific (TPIA) fell 4.7 percent. Bank Central Asia (BBCA) declined 2.6 percent.
Foreign selling and turnover
Foreign investors were net sellers of Rp25.48 billion, with buy value of Rp3.62 trillion against sell value of Rp3.29 trillion.
Transaction value reached Rp3.43 trillion, on volume of 9.64 billion shares across 570,974 transactions. Market capitalisation stood at Rp8,620 trillion.
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