Jakarta stocks snapped a three-day winning streak on Tuesday to close marginally lower, as investors realised recent gains from some shares, especially cigarette companies.
Buying in select blue chips, such as Telkom and banks, helped minimise the decline.
The Jakarta Composite Index finished 0.06 percent lower at 766.771 points in light trade worth some 560.85 billion rupiah ($66.77 million). Losers outnumbered gainers 70 to 33 while 95 issues were unchanged.
Some analysts said expectations that the country's benchmark interest rate, the one-month central bank certificate (SBI), would continue to decline in a weekly auction on Wednesday would help lift sentiment among stock market investors. A Reuters survey of five financial institutions resulted in an average bidding rate of 7.71 percent, some six basis points lower than in the previous auction.
Indonesia's largest capitalised firm, PT Telekomunikasi Indonesia Tbk (Telkom), and some banking shares were the main gainers of the day.