VIVAnews - The fall in commodities' prices and data on initial jobless claims circulated in the United States triggered profit taking by most of the investors in the domestic market.
In the early transaction on Friday, Nov 20, the Jakarta benchmark index at the Indonesia Stock Exchange was opened lower by 2.87 points (0.12 percent) to 2,465.91.
However, one minute after the opening trade, the index rebounded 0.05 percent to 2,470.
The weakening rupiah against US dollar, as well as the pressure in regional market, had also affected the share prices.
Analyst of PT Reliance Securities Gina Novrina Nasution in its research today said technically the indicator in Williams %R was under overbought state.
"The index is predicted to move between 2,454 and 2,591," Gina told VIVAnews in Jakarta today.
She went on by saying that the moving average convergence divergence indicator is still flat, which would not likely cause gain.
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Translated by: Bonardo Maulana Wahono
