The Index of the Indonesian Stock Exchange fell 0.25 percent to 5,155.54 points with index of 45 most liquid stock down 0.42 percent to 882.55 points.
"Profit taking after the prices fell before rising in the past two days," Asjaya Indosurya Securities analyst William Surya Wijaya said.
William said the possibility of the price to go up further is open in the following days with inflows of foreign investment into the domestic market.
Despite the profit taking foreign net buy was recorded at Rp247.54 billion on Thursday.
Trade at the BEI ion Thursday was recorded with 212,609 transactions and 4.25 billion shares valued at Rp4.23 trillion changing hands.
Decliners outnumbered gainers by 182 to 149 shares with 86 shares flat.
Regional markets such as Hang Seng and Straits Times recorded a decline in index but Nikkei gained in index.
Meanwhile, in interbank transaction rupiah closed stronger trading at the level of 11,663 per US dollar from 11,693 earlier.
"The central bank decision to maintain its benmchmark interest rate (BI rate) at 7.5 percent was one of the factor strengthening rupiah," financial market observer from Bank Himpunan Saudara, Rully Nova, said.
Rully said BI rate was maintained in line with market expectation that investors responded positively to the decision of Bank Indonesia.
The decision of Bank Indonesia helped offset the negative sentiment from the decision of the US central bank which raised its interest rate.
"The BI rate is still attractive for foreign investors that it would not affect the domestic monetary condition," Rully said.
In addition, the countrys economy is still relatively stable despite the slowdown in growth, he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
