Jakarta (ANTARA News) - The Jakarta composite index closed lower on Friday on profit taking by domestic market players.

The index of the Indonesian Stock Exchange (BEI) fell 69.60 points or 1.63 percent to 4,257.66 points and the index of 45 most liquid stocks down 2 percent to 709.35 points.

"The market players tended to sell shares after four days of rising prices," HD Capital analyst Yuganur Wijanarko said .

Sinarmas Sekuritas analyst Christandi Rheza Mihardja predicted the index would rise again next week to the level of 4,224--4,287 points.

"Trade on Monday would be determined by inflation in Europe, which is expected to rise 0.9 percent on year," Christandi said.

In addition, data of "Purchasing Managers Indexs" (PMI) of China to be announced next week would also determine the BEI index movements, he said.

Trade on Friday at the BEI was recorded with 96,468 transactions involving 2.70 billion shares valued at Rp3.35 trillion changing hands.

Regional markets such as Hang Seng recorded a 2.24 percent increase in index to 22,817.28 points with Shanghai composite index down 1.24 percent to 2,083.14 points and that of Straits Times falling 1.42 percent to 3,129.67 points . (*)

Editor: Heru Purwanto
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