Share prices fall further on Jakarta Stock Exchange

JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued sliding on Monday with the broad-based Composite Index falling by almost seven points to close at 456.91 from 463.43 last Friday.

"The market was quiet but we expect it to be busier after the national holiday on Tuesday," said one securities analyst.

The narrower-based GTDBS-50 Index also continued declining to close at 107.86 from 109.49.

Trading volume sank to 11.88 million shares worth Rp 48.95 billion (US$22.79 million) from 15.42 million shares valued at some Rp 85.42 billion.

Among the top losers were Argo Pantes (-Rp 225), BDNI (-Rp 250), Bank Int'l Indonesia (-Rp 400), Barito Pacific Timber (-Rp 300), Centex (-Rp 350), Hero Supermarket (-Rp 300), Igarjaya (-Rp 250), Lippo Bank (-Rp 200), Smart Corporation (-Rp 450), Summarecon Agung (-Rp 300), Unggul Indah Corp (-Rp 200), Bakrie Sumatra Plantation (-Rp 500) and Unilever Indonesia (-Rp 1,400).

Top Gainers were Aqua Golden Mississippi (+Rp 200), Citra Tubindo (+Rp 1,600) and Kalbe Farma (+Rp 300).

Around 6.69 million shares valued at Rp 25.62 billion changed hands on the regular market, 200,000 shares worth Rp 670 million on the block sale board, 4.45 million shares worth Rp 20.19 billion on the cross trading board and 530,500 shares valued at Rp 2.47 billion on the foreign board. The odd lot and cash trading boards recorded no transactions on Monday. (fhp)