"Asian markets opened this morning gaining 0.5 percent on higher commodity prices," Samuel Sekuritas analyst Adrianus Bias said here on Monday.
The composite share price index of BEI rose 8.75 points or 0.21 percent to 4,265.75 points with the index of 45 most liquid stocks rising 0.30 percent to 734.76 points.
He said the euphoria of the new stimulus in quantitative easing (QE) by The Fed, pushed up the world commodity prices marked with the fall of the US dollar.
He predicted that mineral shares would gain further today after significant increase last week driving oil price to the level of US$99 per barrel.
"Despite potential profit taking the BEI index is expected to hit a new record at 4,275 point today," he said.
Meanwhile, Panin Sekuritas analyst Purwoko Sartono said the measure taken by the Fed is expected to improve the confidence of investors and consumers as well as the business people in recruiting new workers.
Regional markets recording increase in index include Hang Seng up 0.30 percent to the level of 20,692.35, Nikkei-225 up 1.83 percent to 9,159.39 and Straits Times up 0.38 percent to 3,082.29 points. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
