The Indonesia stock market has moved lower in two straight sessions, shedding almost 100 points or 1.4 percent along the way. The Jakarta Composite Index now rests just beneath the 7,480-point plateau and it may take further damage again on Tuesday.
The global forecast for the Asian markets is flat to lower ahead of the U.S. presidential election and the Federal Reserve rate decision this week. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.
The JCI finished modestly lower on Monday following losses from the cement companies, gains from the food sector and mixed performances from the financial and resource shares.
For the day, the index sank 25.75 points or 0.34 percent to finish at 7,479.50 after trading between 7,415.81 and 7,529.70.
Among the actives, Bank CIMB Niaga jumped 1.64 percent, while Bank Mandiri collected 1.50 percent, Bank Danamon Indonesia rose 0.40 percent, Bank Negara Indonesia spiked 1.92 percent, Bank Central Asia shed 0.48 percent, Bank Rakyat Indonesia added 0.43 percent, Bank Maybank Indonesia tumbled 1.75 percent, Indosat Ooredoo Hutchison dropped 0.82 percent, Indocement plunged 4.51 percent, Semen Indonesia plummeted 5.25 percent, Indofood Sukses Makmur rallied 2.05 percent, United Tractors gained 0.37 percent, Astra International advanced 0.99 percent, Energi Mega Persada surrendered 2.86 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang improved 0.33 percent, Jasa Marga slumped 1.67 percent, Vale Indonesia declined 0.79 percent, Timah skyrocketed 7.91 percent and Bumi Resources was unchanged.
The lead from Wall Street is soft as the major averages opened lower on Monday, hugged the line for much of the day and finished in the red.
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