"The election euphoria that sent the share prices high yesterday has receded," Head of Research of Valbury Asia Securities Alfiansyah said here on Friday.
The index of the Indonesian Stock Exchange (BEI) fell 31.86 points or 0.62 percent to 5,066 points with index of 45 most liquid stocks down 1 percent to 867.25 points .
Alfiansyah, however, said the possibility of the JCI to climb again is open though not as strong as on Thursday, the day after result of presidential quick counts was published.
The result of the quick count came as expected by the market, analysts said.
Alfiansyah said if anything goes peacefully until after the official result of the election is announced by the Election Commission on July 22, foreign fund would flow strongly into the country .
Regional markets such as Hang Seng and Straits Times recorded an increase in index with Nikkei suffering a decline
Meanwhile the Indonesian currency weakened after a strong gain on Thursday .
Rupiah traded at the level of 11,629 per US dollar from the level of 11,573 earlier in the first minutes of trade on Friday.
Editor: Aditia Maruli Radja
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