The BEI index slipped 0.94 point or 0.02 percent to 4,374.23 points with the index of 45 most liquid stocks down 0.03 percent to 751.79 points.
Panin Sekuritas` analyst Purwoko Sartono said here on Tuesday optimism with US budget agreement could prevent "fiscal cliff" and become a positive sentiment for regional market including.
In addition, improved manufacture data of China rebounding after 13 months of slowdown and Germany`s rising business confidence will add to positive sentiments, he said.
Samuel Sekuritas` analyst Yualdo Yudoprawiro said the majority of Asian market strengthened this morning after the European Union and the International Monetary Fund reached bail out agreement to prop up ailing Greek economy .
The agreement ended uncertainty over Greek default, Yualdo said.
He predicted that commodity-based shares will gain strength today after being under performing in the past week .
Meanwhile consumer goods shares are vulnerable to profit taking, he added.
At 10.00 local time the BEI index turned around to a positive territory strengthening 0.06 percent to 4,377.65 points.
Regional markets such as Hang Seng recorded an increase of 0.25 percent in index to 21,916.60 points, Nikkei-225`s index rose 0.48 percent to 9,434.08 points and Straits Times index gained 0.94 percent to 3,009.57 points. (*)
Editor: Heru Purwanto
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