Jakarta(ANTARA News) - The Jakarta composite index (IHSG) closed 0.27 percent higher at 6,042.65 points on Tuesday on positive external sentiment, analysts said.

The index of the Indonesian Stock Exchange (BEI) closed 16.68 points higher with the index of 45 most liquid stocks up 0.38 percent to 957.01 points.

Analyst of Henan Putihrai Liza Carmelia Suryanata increase in the share prices in regional markets gave positive sentiment to the IHSG.

"Regional markets performed quite strongly on issue of trade war receding encouraging investors to buy shares in energy economies including Indonesia," Liza said .

She said fluctuation in the exchange rate of rupiah, which is relatively well under control contributed to foreign investors collecting shares.

In addition rising core inflation indicated an increase in consumption that would in turn contribute to the national economic growth, she said.

Domestic sentiment is quite conducive especially as the determination shown by the government to cut trade deficit by restricting imports.

There were 409,323 transactions recorded on Tuesday with 9.327 billion shares valued at Rp7.448 trillion changing hands; 176 gainers against 194 decliners with 139 shares remaining flat.

Regional markets such as Nikkei Hang Seng and Strait Times recorded an increase in index.
Editing by Albert Saragih

Reporter: Antara
Editor: Fardah Assegaf
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