Jakarta (ANTARA News) - The Indonesia Stock Exchange (BEI) index rose 21.16 points or 0.55 percent to 3,890.53 at the close of trading here on Friday following the regional trend.

The index of 45 LQ45 bluechips also rose 3.31 points or 0.48 percent to 689.60 points.

Milenium Danatama Sekuritas analyst Abidin said the trend of the BEI index was up after sliding significantly.

"Although trading was rather dull compared to the days before the BEI index was moving up albeit only within a short range," he said.

He said global conditions were not yet conducive, following financial crisis in the US and Europe as dealers took a wait and see stance.

He said technically the BEI index was within a positive area and predicted to move up to a 4,000 mark.

"If no global crisis happens the BEI index would continue to go up, driven by positive economic fundamentals at home," he said.

He said although foreign investors took a sell position it did not affect negatively on the BEI index on Friday.

Foreign investors booked net sales worth Rp336.643 billion.

The price of 174 out of total stocks traded was up while that of 70 others was depressed while 84 unmoved.

Transactions reached 140,508 times with a trading volume of 5.972 billion worth Rp4.947 trillion.
(Uu.H-YH/HAJM/S012)

Editor: Priyambodo RH
Copyright © ANTARA 2011