Ther index of the Indonesian Stock Exchange (BEI) rose 41.36 points to 4,630.70 points with 45 most liquid stocks up 1 percent to 796.87 points.
"The JCI gained again amid rupiah fluctuation below 13,000 per US dollar. Continued inflows of foreign capital to the market pushed up the share prices," analyst from Reliance Securities Lanjar Nafi said here on Monday.
The BEI recorded foreign net buy at Rp307.601 billion, LLanjar said.
He said the commodity price rose on positive sentiment from China that commodity companies led in share price hikes at the domestic market.
However, share buying has entered a saturated area that correction is potential soon, he predicted.
Chief researcher of Universal Broker Indonesia, Satrio Utomo, said minimum negative sentiment had pushed up share prices in Asian market including at BEI.
"Foreign investors are still in the position of buying although local investors tended to take profit curbing the prices from going up higher," Satrio said.
There were 310,032 transactions on Monday with 6.80 billion shares valued at Rp4.87 trillion changing hand.
Gainers outnumbered decliners by 193 to 126 with 87 shares remaining unchanged.
Regional markets such as Hang Seng menguat 272,13 poin atau 1,21 persen menjadi 22.730,93, KOSPI and Straits Times recorded gain.(*)
Editor: Heru Purwanto
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