950817

Jakarta stocks

fall after

foreign selling

JAKARTA: Jakarta shares prices ended the day lower in dull trading after foreign-triggered selling almost across the board, brokers said.

The Jakarta composite index fell 4.62 points, or 0.90 percent, to close at 510.39.

"Foreign-triggered selling was noted not just in speculative property stocks, but also in blue chip shares following Indosat's overnight fall in New York," one borker with a foreign borkerage firm said

Brokers said Indosat's overnight fall was partly attributed to theh generally weak market sentiment.

Brokers said they were not clear about the reasons behind the sell-off but said it was in line with generally weak market sentiment in the region.

The actively traded blue chips Barito Pacific, Indah Kiat and Gajahh Tunggal were among thhe losers, falling by between 50 rupiah to 150 rupiah.

Speculative property stocks also came under modest selling pressure following foreign-triggered selling in blue chips, brokers said. Gainers included Aneka Kimia, Tiga Raksa and Wicaksana.-Reuter