Jakarta share prices closed 0.49 percent lower on Wednesday amid profit taking in big caps like Telkom and Astra International after the benchmark posted nine successive record closes, dealers said.
However, they said the broad slide was limited by gains in Perusahaan Gas Negara, bank and mining stocks. The Jakarta Stock Exchange composite index closed down 8.086 points at 1,646.066, off a high of 1,655.185 and a low of 1,642.083. Some 1.55 billion shares were traded worth 1.68 trillion rupiah (184.41 million dollars).
Decliners led gainers 80 to 41, with 90 stocks unchanged. The rupiah was trading at 9,105/9,110 to the dollar, compared to Tuesday's close of 9,123/9,127. "I don't see any negative news that drove down the market today. It is a pure and healthy correction after sharp gains in the past few days," Kuo Capital analyst Edwin Sinaga said.
Among index heavyweights, state gas firm PGN was up 200 rupiah at 12,250, Aneka Tambang was up 150 at 7,200, Timah was up 25 at 2,325 and Unilever was up 150 at 5,200. Telkom fell 50 to 9,050, off a high of 9,200 and a low of 9,000, while rival Indosat also fell 50 to 5,400. Astra International was down 450 at 14,450.
Bank Bukopin gained 20 at 590 and rival Bank Internasional Indonesia also rose 5 to 210. Bank Mandiri was down 25 at 2,800 and Bank Rakyat Indonesia dropped 100 at 5,200.
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