The index of the Indonesian Stock Exchange (BEI) rose 11.65 points or 0.24 percent to 4,914.73 points with index of 45 most liquid stocks up 0.27 percent to 852.86 points.
"After declining in intraday trading the the index gained to cross the psychological level of 4,000 points. The market players looked enthusiastic in buying shares on positive prospects of the domestic economy," chief researcher of NH Korindo Securities Indonesia Reza Priyambada said here on Friday.
The Fridays trade was marked with foreign net buy of Rp339.57 billion .
The market responded positively to Bank Indonesia decision maintaining the BI rate on 6.75 percent and plan to use "7-Day Reverse Repo Rate" at 5.50 percent, Reza said.
Asjaya Indosurya Securities analyst William Surya Wijaya said increase in the oil price also encouraged investors.
Increase in the commodity prices is expected to contribute to improving the countrys export performance and economic growth, William said.
Friday trading recorded 252,975 transactions with 4.91 billion shares worth Rp5.39 trillion changing hands.
Gainer outnumbered decline by 146 to 143 with 88 shares unchanged.(*)
Editor: Heru Purwanto
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