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Profit Taking Weakens IDX Index

The index dropped due to the negative sentiment in the global and regional markets.

Jum'at, 29 Januari 2010, 09:49 WIB
Arinto Tri Wibowo
Indonesia Stock Exchange (Antara)

VIVAnews - The lack of positive sentiment in the domestic market as well as the falling index in the Asian markets lured investors to sell their stocks.

In the early trading on Friday, Jan 29, the composite stock price index in the Indonesia Stock Exchange (IDX) weakened 19.15 points (0.74 percent) to 2,600.41.

Research team of PT Reliance Securities estimated that the index dropped due to the negative sentiment in the global and regional markets.

The Asian regional markets opened lower as factory production in Japan rose 2.2 percent or lower than the expected 2.5 percent.

The Nikkei 225 index edged down to 10,252.16; Straits Times, to 2,734.48; while Hang Seng, to 20,114.37.

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Translated by: Bonardo Maulana Wahono



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