Jakarta stocks finished lower on Tuesday in a quiet market due to lack of positive leads and weaker trading in some regional bourses, analysts said. The Jakarta Composite Index closed 0.33 percent lower at 759.28 points in very thin trade with an estimated turnover of 432.5 billion rupiah ($47.71 million).
"I think it's largely due to the regional markets, which were lower today. We have priced in the negative factor from yesterday," said Alvin Pattisahusiwa, a fund manager at MeesPierrson Finas Investment Management.
He was referring to an explosion at Indonesia's election commission building which forced an evacuation of the premises and disrupted final counting in the presidential election first round, but caused no injuries.
Among decliners were cigarette maker PT Hanjaya Mandala Sampoerna Tbk, which dropped 2.65 percent to 5,500 rupiah.
The country's largest cement maker, PT Semen Gresik Tbk, recorded a more than tripled first quarter net profit of 85.06 billion rupiah compared to the same quarter last year, while its sales rose 13 percent to 1.33 trillion rupiah.
Gresik's shares closed unchanged at 8,450 rupiah after it hit an intra-day high of 8,500 rupiah.
The rupiah currency was being quoted stronger at 9,065/9,077 to the dollar late on Tuesday compared to morning trade.
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