The index of the Indonesian Stock Exchange (BEI) was up 33.26 points, or 0.53 percent, to 6,296.11 points, while the index of the 45 most liquid stocks, or LQ45, was up 8.31 points, or 0.83 percent, to 1,005.73 points.
Chief researcher of Valbury Sekuritas, Alfiansyah noted that the upward trend of the rupiah`s appreciation against the US dollar has had an impact on the IDX.
"The rupiah strengthened due to factors including foreign capital inflows to Indonesia, indicating confidence in the Indonesian economy," he pointed out.
Essentially, the market should keep a close watch on the global situation. Investors are awaiting the result of the US-China talks that have lasted for two days now, he stated.
Narada Kapital Indonesia chief researcher Kiswoyo Adi Joe noted that investors were engaged in stock buybacks after they quit the previous trading, with confidence in the Indonesian economy as the trigger.
"Several economic data, including the inflation rate and foreign exchange reserves that (the government) has released are quite positive," he remarked.
Regional market indexes, including those of Nikkei, rose 253.10 points, or 1.25 percent, to 20,457.10; Hang Seng increased 460.10 points, or 1.78 percent, to 26,335.50; and Straits Times Index strengthened 31.58 points, or 1.01 percent, to 3.154,52.
Reporting by Zubi Mahrofi, Suharto
Editing by Fardah
Reporter: Antara
Editor: Azizah Fitriyanti
Copyright © ANTARA 2019
