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JAKARTA, KOMPAS.com - Sentiment may have already started to color the movement of the Composite Stock Price Index (CSPI). Yesterday (04/05/2010), Jakarta Composite Index had gained up to touch its highest level in history at 2996.42. Unfortunately, at the close of the stock, the index actually fell to 2959.01, down 0.06 percent from the previous day.

According to Krishna Dwi Setiawan, Head of Research Valbury Asia Securities, domestic economic conditions that lead to positive on the stock market euphoria. However, it turns out these conditions turned. Majority of Asian stock indexes fell. Consequently JCI since become involved. "I think that sentiment on May sell and go holiday seems to have started to appear," he said.

Although it was only a myth, according to Krishna, there is news that makes the stock market fall. First, the debt crisis in Europe that has not shown clear. Secondly, cases of Goldman Sachs who enters the examination stage. Third, China's banking liquidity to tighten again.

Chandra, an analyst with E Trading Securities, tend to see the weakening of the index this time due to profit taking aka profit taking in some excellent stock. For example, shares of PT Astra International Tbk (ASII).

According to him, the action could continue to trade in stocks today. He estimates, the index will move in the range 2940 to 2983.

Krishna is not much different opinion. According to him, the index could potentially be weakened by a fairly wide range of movement in 2916-2970. (Avanty Nurdiana / Cash)