Amid Weak Asian Indices Jakarta Composite Index Falls 1.68% on Monday
In line with the trend in the Asia-Pacific region, Indonesia's main stock index (IHSG) fell 1.68 percent to 4,580.47 on Monday (29/07). All sectoral indices weakened. The worst performing sectoral indices were mining, consumer goods and miscellaneous industries, falling 2.44 percent, 2.30 percent and 2.08 percent respectively. The value of transactions was also rather small at IDR 3.12 trillion (USD $305.9 million), while foreign investors continued to record net sales amounting to IDR 379.3 billion (USD $37.2 million).
Indonesia's top ten of largest companies in terms of market capitalization took a hard blow today. Of these companies Unilever Indonesia and Bank Rakyat Indonesia were the top losers, falling 3.49 percent and 3.09 percent respectively.
Apart from Singapore's main stock index, all other indices in the Asia-Pacific fell. Japan was hit hardest and lost 3.32 percent.
The reason behind the general weak performance in Asia today is that most investors are waiting for meetings of the Federal Reserve at the end of this month and the meeting of the European Central Bank.
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