The index of the Indonesian Stock Exchange (BEI) was up 5.67 points, or 1.06 percent to 6,532.97. The index of 45 most liquid stocks rose 15.43 points or 1.51 percent to 1,038.97.
"Today the movement of IHSG was influenced by several positive sentiments, internally and externally. On the external side, the sentiments were particularly influenced by the Fed`s statement to put the Fed Rate hike on hold this year and the improving prices of mining minerals, namely nickel and tin," Indo Premier Sekuritas analyst Mino said here on Friday.
Meanwhile, the internal positive sentiment included the rupiah`s appreciation, issuers` financial statements and lower-than-expected inflation, he said.
"The negative catalyst today is related to investors` profit taking, which sent the index to the red zone," he said.
Opening higher, the IHSG was relatively comfortable in the green zone throughout Friday. The index fell ahead of closure but later strengthened, he said.
The closure of the IHSG was accompanied by investors` net foreign buy of Rp682.9 billion.
Trade frequency was recorded with 423,180 transactions and 12.73 billion shares worth Rp9.52 trillion changing hands on Thursday.
There were 196 gainers as against 189 decliners and 147 shares unchanged.
Regional markets such as Nikkei index strengthened 14.9 points, or 0,07 percent, to 20,788.39l; Hang Seng tumbled 11.7 3points, or 0.04 percent to 27,930.74; and Strait Times weakened 1.49 points, or 0.05 percent, to 3,188.68.
Reporting by Citro Atmoko, Suharto
Reporter: Antara
Editor: Fardah Assegaf
Copyright © ANTARA 2019
