Share prices decline on Jakarta Stock Exchange

JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued their sustained fall yesterday with most issues loosing ground in heavy trading in line with the downward trend on other Asian markets.

The Composite Index closed 1.46 points lower at 460.33.

The narrower-based GTDBS-50 Index also closed lower at 107.06 from 107.23.

A broker at JSX said the Composite Index was revised with the listing of 54,967 shares of PT Indocement Tunggal Prakarsa.

Significantly increasing shares were, among others, HM Sampoerna (up Rp 500), Mayatexdian and Branta Mulia (up Rp 350 each) and Matahari Putra Prima (up Rp 250).

Top losers included Bank Niaga (down Rp 2,250), Lippoland Development (down Rp 625), Aqua Golden Mississippi (down Rp 600), Lippo Securities (down Rp 450), Prima Alloy Steel and Kabel Metal Indonesia (down Rp 300 each) and Ficorinvest Bank (down Rp 250).

Trading volume increased to 12.46 million shares worth Rp 49.99 billion (US$23.26 million) yesterday from 9.08 million shares worth Rp 40.56 billion ($18.9 million) on Monday.

Of the total trading volume, 7.97 million shares changed hands at Rp 30.63 billion on the regular market, 4.25 million shares at Rp 18.63 billion on the cross trading board, 223,500 shares at Rp 726.2 million on the foreign board and 300 shares at Rp 2.15 million on the odd lot board.

No transactions were recorded on the bloc sale and cash trading boards.(icn)