BEI`s composite share price index rose 79.44 points or 1.98 percent to 4,084.21 with index of 45 most liquid stocks (LQ45) rising 0.27 percent to 680.65 points.
Purwoko Sartono, an analyst from Panin Sekuritas, attributed the share price hikes in the regional markets to statement by European Central Bank President Mario Daghi, stressing commitment to protect the euro.
"Daghi pledged ECB will intervene in bond market to curb increase in Spanish and Italian bond yields to protect euro," Purwoko said.
He predicted the BEI index will rise further on Monday with the positive sentiment from Europe and expected improvement in financial reports of major issuers.
"The index will hover around 4,039-4,105 points on Monday," he forecast.
Gainers among major stocks will include Jasa Marga (JSMR), Indosat (ISAT), Astra International (ASII), Garuda Indonesia (GIAA) and Bisi International (BISI), he said.
Trade on Friday was valued at Rp4,300 trillion with 2.439 billion shares changing hands in 118,882 transactions.
There are 172 gainers with 68 losers and 98 flat.
Regional markets recording an increase in index included Hang Seng up 2.02 percent to 19,274.96 points and Nikkei-225 up 1.46 percent to 8,566.64.
Straits Times closed lower by 0.04 percent to 3,003.25 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
