The index of the Indonesian Stock Exchange (BEI) rose 20.82 points, or 0.41 percent, to 5,059.22, while the index of the 45 most liquid stocks (LQ45) gained 4.77 points, or 0.62 percent, to 780.32.
"The market better appreciated Bank Indonesia's policy to keep its benchmark interest rate unchanged at 4 percent. The market also believed that the total re-imposition of PSBB (large-scale social restrictions) by the Jakarta provincial administration will remain conducive (for curbing infections),” Bina Artha Sekuritas analyst, M. Nafan Aji Gusta Utama, stated.
Soon after opening higher, the IHSG strengthened and stayed in the green zone until the close of trade.
On a sectoral basis, the shares of three sectors recorded a correction, with the agricultural sector falling deeper at minus 1.85 percent, followed by the various industry sector at minus 0.9 percent, and the financial sector at minus 0.56 percent.
Meanwhile, seven sectors rose, with the trade sector registering the highest spike of 2.03 percent, followed by the infrastructure sector at 1.8 percent, and the basic industry at 1.53 percent.
Net sales of foreign investors reached Rp999.09 billion during Friday's trade.
As per trade data,583,355 transactions were recorded on Friday, with 12.52 billion shares, worth Rp9.78 trillion, changing hands. Meanwhile, 253 shares rose, 166 shares fell, and 171 shares remained unchanged.
In regional markets on Friday evening, the Nikkei Index rose 40.93 points, or 0.18 percent, to 23,3360.3; the Hang Seng Index climbed 114.56 points, or 0.47 percent, to 24,455.41; and the Straits Times Index dropped 6.28 points, or 0.25 percent, to 2,494.5.
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