Indonesian shares ended lower Tuesday on selling in select

Indonesian shares ended lower Tuesday on selling in select blue chips as sentiment turned negative following falls in several major regional equities markets, dealers said.

They added that earlier buying sentiment stemming from U.S. markets' rebound Monday wasn't sustained.

The JSX Composite Index ended down 0.3 percent, or 1.307 points at 409.087, down from its intraday high of 415.885.

Volume was relatively light at 411 million shares valued at Rp 347 billion.

Monday, the Dow Jones Industrial Average rose 368.05 points, or 4.5 percent to close at 8603.86, and the Nasdaq Composite Index finished up 76.21 points, or 5.4 percent, at 1499.40.

He said growing concerns over possible retaliatory military action by the U.S. over the Sept. 11 terrorist attacks discouraged investors from maintaining buying positions.

Market bellwether Telekomunikasi Indonesia ended unchanged at Rp 2,975, down from its intraday high of Rp 3,050.

International call operator Indosat lost 1.2 percent, or Rp 100, at Rp 8,050 on expectations that the government will delay its Indosat stake sale plan to next year.

Cigarette maker Gudang Garam dropped 0.5 percent, or Rp 50, to Rp 10,450, but its rival HM Sampoerna ended up 0.8 percent, or Rp 25, at Rp 3,325 on a modest technical rebound.

Cement maker Semen Gresik fell 1.3 percent, or Rp 100, at Rp 7,850 ahead of the government's plan to sell a further 51 percent stake in Gresik to Mexico's Cemex SA.