Jakarta share prices closed 0.23 percent lower on Thursday driven down by profit-taking in selected stocks, dealers said. They said investors were looking for fresh leads such as upcoming third quarter results, which are due to be released later this month or in early November.
The Jakarta Stock Exchange composite index closed down 3.584 points at 1,549.535, on volume of 1.92 billion shares valued at 2.15 trillion rupiah (233.14 million dollars).
Decliners led gainers 88 to 39, with 72 stocks unchanged. The rupiah was trading at 9,220-9,222 to the dollar, little changed from 9,220-9,225 Wednesday. Samuel Sekuritas analyst Christine Salim said some stocks were trading in "overbought zones", prompting profit-taking, though it was a healthy correction.
Among major stocks, state gas firm PGN dropped 350 rupiah to 11,050 while long distance operator Telkom also lost 50 to 8,200. Satellite operator Indosat was flat at 5,150 but carmaker Astra International rose 50 to 13,600.
Bank Mandiri gained 125 to 2,700 but rival Bank Rakyat Indonesia was flat at 4,925. Property firm Ciputra Development dropped 70 to 580 and subsidiary unit Ciputra Surya lost 80 to 880.