ASATUNEWS - Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange on Wednesday continued weakening to 4358.49 points, in line with the market in Asia .
BEI index opened down 22.15 points, or 0.51 percent, to 4358.49 . While the index 45 stocks ( LQ45 ) fell 5.66 points ( 0.77 percent) to 725.49 .
" Stock markets tend to be depressed regional Indonesian stocks pushed back depressed . Moreover , the results of the Board of Governors of Bank Indonesia raised its benchmark interest rate ( BI rate) beyond market expectations , " said the Head of Research at Trust Securities , Reza Priyambada in Jakarta .
According to him, the BEI index will likely continue to be depressed following negative sentiment in the country is quite dominating . Selloff will continue and will affect the index .
" JCI is estimated to be at the level of 4350-4425 points on Wednesday , " he said .
Analyst PT Anugerah Securindo Indah , Rio Bertoni added BI rate rising to 7.5 percent was weighed BEI index movement .
" BI rate hike could potentially weigh on growth performance of listed companies in sectors such as banking , property , various industries , and trade , " he said .
Moreover , he continued , the rupiah currency tends to depreciate against the U.S. dollar also be a factor BEI index weakened .
Regional exchanges , such as the Hang Seng Index fell 306.17 points ( 1.34 percent) to 22595.24 , the Nikkei - 225 index fell 63.89 points ( 0.42 percent) to 14526.79 , and Straits Times fell 5 , 29 points ( 0.17 percent ) to 3174.85 position .
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