IHSG sales drop 1.7% First Session; 3750 Support

IHSG sales drop 1.7% First Session; 3750 Support

Indonesia stock market declined by 1.7% in the first session 3765,125 level caused by the weakening Asian markets that inspired some traders to make profit taking after a sharp rise recently, traders said.

They estimated the support level of the index will be in 3750.

"Action sale occurred amid anxiety that the correction will probably continue until this weekend," said one trader from a local securities firm.

Astra fell by 3.1% at level IDR67.750, Bank Rakyat fell by 2.2% while the Earth IDR6.650 level fell by 4.1% at level IDR2.350 on profit-taking.