The IHSG was closed up 1.12 percent or 45.68 points to 4, 132.78, while the index of 45 blue chips (LQ45) rose 9.95 points or 1.38 percent to 731.04 points.
The director of corporate assessment of the Indonesia Stock Exchange, Eddy Sugito, said the IHSG continued to move up in line with the investment market fundamentals in Indonesia which are positive.
"Our economy keeps growing since the crisis in 2008 and the growth has a positive impact on the capital market so that our growth is above that of neighboring countries," he said.
He said last January many foreign market players left the stock exchange causing the index to decline by up to eight percent but due to positive domestic economic fundamentals they then returned again to invest in the country.
He said global conditions which are not conducive due to conditions in Europe and the US would make market players to enter into a country that has good fundamentals such as Indonesia.
The frequency of transactions was recorded at 191,581 that day with a volume reaching 8.822 billion shares worth Rp5.655 trillion.
In regional markets Hang Seng rose 278.79 points (1.25 percent) to 22,572.08, Nikkei-225 was up 47.71 points (0.47 percent) to 10,097.72 and Straits Times rose 10.29 points (0.32 percent) to 3,181.84.(*)
H-YH/HAJM
Editor: Jafar M Sidik
Copyright © ANTARA 2011
