Ahead of the Fed announcement, JCI Weakens 27 pts

Jakarta - Composite Stock Price Index (CSPI) began trading last month of Ramadan with a correction of 27 points before the Fed announcement. Asian stocks weakening sentiment index also haunted.

While the rupiah against the U.S. dollar (U.S.) opened higher at the position of Rp 8570 per U.S. dollar compared to the closing trade yesterday at Rp 8595 per U.S. dollar.

In preopening trading, stock index fell 27.278 points (0.70%) to a level of 3817.099. While LQ 45 Index fell 6.772 points (1.00%) to a level of 669.631.

Opening weekend trading on Friday (08/26/2011), Jakarta Composite Index fell 27.674 points (0.71%) to a level of 3816.703. LQ 45 Index fell 6.870 points (1.02%) to a level of 669.533.

Until around 9:35 JATS time, stock index trimmed 30.880 points (0.80%) to a level of 3813.497. While LQ 45 Index fell 6.920 points (1.02%) to a level of 669.483.

Yesterday, profit taking in mining stocks make thin stock index fell 2 points after fluctuating through trade. Index bourses rally behind Asia.

Ahead of the Eid holiday, investors began to withdraw its portfolio to get fresh funds. No wonder selling pressure was rife in the bourses.

Only Hong Kong stock exchange that is able to strengthen thin, the rest of the other Asian markets slumped in the red zone. The market is still awaiting the results of the meeting of the Fed's decision which held the next day.

Here's the situation in regional bourses this morning:

* Shanghai Composite Index edged down 3.34 points (0.13%) to a level of 2611.92. Â
* Hang Seng Index rose 161.42 points (0.82%) to a level of 19913.90. Â
* Nikkei 225 thin 5.82 points (0.07%) to a level of 8766.54. Â
* Straits Times Index fell 9.71 points (0.35%) to a level of 2756.03. Â

While the rupiah against the U.S. dollar opened higher in the position of Rp 8570 per U.S. dollar compared to the closing trade yesterday at Rp 8595 per U.S. dollar.

Posted in: Composite Stock Price Index (CSPI),Dollar,Market