Refishowcase Business & Finance

Foreign investors continued to take off some stock to affect the trading value susutnya in Indonesia Stock Exchange (IDX) than the beginning of the year.

Action buying by investors started to turn toward since the third week in January. IDX data based on the period 25-29 January 2010, foreign transactions reached Rp5, 62 trillion in purchasing Rp4, 44 January triliun.Selama last week, the foreign investors recorded a net sales (net sell) Rp1, 18 trillion.

While the trade Friday (22/1/2010), foreign net selling even reach Rp1, 01 trillion. That way, sellasing net since January 22 reached Rp2, 9 triliun.Penjualan stocks by foreign investors has finally eroded the value of trade in the first week BEI.Jika on the average daily transaction value of the Stock Exchange reached Rp4, 5 trillion, in the last week down to range Rp3, 5 trillion.

Action by the foreign selling continued to trade yesterday, with a net value of Rp71, 78 billion. This is a bit much effect on the decrease in composite stock price index by 23.24 points (0.89 percent) to 2587.54 level. Bali Securities analyst Tri Bayuna Ketut said, foreign selling pressure could actually predict the number of negative sentiment that emerged and declining commodity prices.

“The main concern is the economic situation of the world. Also of course how foreign sentiment against BEI. Foreigners no longer see the benefit with Indonesia expected interest rates rise. The situation of reduced liquidity has also found,” said Ketut to Seputar Indonesiakemarin. Ketut claim could not predict when this foreign selling pressure will abate.

He stated, foreign sentiment against the index would wait several factors such as the development of the global economic situation and in the country, as well as commodity price movements. “Foreign investors will still be waiting for the policies of the country such as whether interest rates will be raised or not. It should also be expected also follow the news from the U.S. and China,” said Ketut.

He added that Indonesia is basically the stock is still relatively good compared to other domestic poultry such as the United States (U.S.) and China that hit pretty hard. This is because the domestic situation is relatively volatile. Separately, the capital market analyst Felix Sindhunata natural rate of sell shares that investors do asing.Menurut him, foreign investors tend to seek safe investments in uncertain conditions.

“In the stock market conditions are less conducive to foreign investment will transfer another relatively stronger as the money market,” he said. According to Felix, the current sentiment is the vagueness of economic recovery, particularly the U.S. economic resilience when the stimulus was stopped. Attenuating triggers concerns U.S. stock exchanges that Asia.Selain, investors are still looking at the U.S. banking policy and monetary tightening in China.

Back weakening commodity prices and crude oil in global markets also kept investors took some investment in shares of the mining sector which had been assessed prospectively. While other sentiment comes from within the country, the House committee investigation relating to the case of Century Bank. Investors also anticipate if the announced results lead to a political element.

‘Investors seemed to still wait and seeterhadap developments, both global and domestic, “said Felix. Although net foreign transactions exceed Rp2 trillion in the past two weeks, Felix believes, foreign funds will flow back into the stock.

Budi capital market analyst also sees Ruseno foreign funds is only temporary. He estimates that, as the market began conducive, foreign funds will flow back to the Indonesian capital market. That’s because Indonesia’s economic prospects are still good. “With the domestic market potential is relatively stable, they will go again,” he said.