Indonesia Shares End Down 1.48%; Bumi Falls 6.9%

Indonesia shares end 1.48% lower or -18.42 points at 1223.13 in moderate volume despite news of benign inflation in November.

"Better inflation figures in November failed to convince investors who preferred to get cash after last week's rebound," says trader.

Indonesia's CPI in November +0.12% on month, +11.68% on-year, slowing from October's +0.45% on month, +11.77% on year.

Despite easing inflation, many analysts predict Bank Indonesia won't cut policy rate from current 9.50% when it meets Thursday.

Index traded between 1261.03 - 1216.84.

source : rti