Indonesian shares seen under pressure

Indonesian share prices, which slipped 1.1 percent this week, are expected to fall in the coming week in the absence of goods news to lift sentiment, an analyst said.
"The market is very hard to predict but I expect it will consolidate because there's no good news," said Ferry Latuhihin, chief economist at Bank Internasional Indonesia. "In general terms the market will still be under pressure following pressure on the rupiah. It's on the downside rather than the upside," he said, adding that the index could slip to 1,220 points.
The rupiah ended at 9,240/9,250 Friday compared to last week's close of 9,180/9,190.
The analyst said the market downtrend was "systematic" and would likely affect all shares. Bank Indonesian deputy governor Aslim Tadjuddin said the outflow of short-term or 1.1 percent, to 1,247.422. Daily average volume totalled 1.24 billion shares, valued at an average of 1.34 trillion rupiah (144 million dollars).