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Wednesday, January 8, 2014

Composite Index opened down 0.63 points



Composite Index opened down 0.63 points


 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Thursday opened lower , down 0.63 points, or 0.01 per cent to 4199.97 points .

While the index of 45 leading shares ( LQ45 ) fell 0.16 points ( 0.02 percent ) to a level of 698.82 .

" BEI index moved lower in line with regional markets , regional market correction that followed the U.S. market which fell last night , " said analyst Samuel Securities , Benedict Court .

He explained that the correction in the U.S. stock market occurred after Federal Reserve officials assess policy bond purchases ( bonds ) are performed during this start is not beneficial for the U.S. economy .

Nevertheless , he continued, the sentiment of the country is quite positive on expectations benchmark interest rate ( BI rate) is fixed at the level of 7.5 percent as the improvement in the trade balance data and the increase in foreign exchange reserves rose to 99.4 billion dollars .

Technical Analyst Team Mandiri Securities states , foreign exchange reserves increased by U.S. $ 2.4 billion compared to the end of November 2013 valued at 97 billion dollars .

" According to BI , the foreign exchange reserves amounting to finance 5.6 or 5.4 months of imports and government foreign debt payments , or still above the adequacy of international standard , " said Tim Technical Analyst Mandiri Securities .

They estimate the BEI index will move varied and still appreciate . According to them the BEI index today is likely at the level of 4,173 to 4,232 points .

In regional markets , the Hang Seng index fell 37.65 points ( 0.16 percent) to 22958.94 ; Nikkei index dropped 215.53 points ( 1.34 percent ) to a level of 15905.96 and Straits Times gained 1.26 points ( 0.04 percent ) to 3152.33 position .

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