Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading on Thursday morning with composite share price index rising 13.93 point to follow the trend in the US market.

The BEI index rose 0.32 percent to 4,318.75 points with the index of 45 most liquid stocks following with a 0.48 percent rise to 739.43 points.

"The US market closed higher yesterday after the US Congress and Presidential spokesman said that a solution to fiscal cliff would be approved," Samuel Sekuritas` analyst Benedictus Agung said here on Thursday.

Bendictus said Asian markets also rose this morning on optimism over the US fiscal cliff solution and expectation of victorious Japanese opposition party would issue economic stimulus .

He predicted that a number of shares that shrank earlier like palm oil-based shares would rebound today

Sinarmas Sekuritas` analyst James Wahjudi predicted that technically, the BEI index would move mixed at 4,274 - 4,330 point in today`s trading.

"The release of data on new house sales in the United States would give positive sentiment to BEI index," he said.

In addition, expected release of US initial jobless claim and pending home sales will add to the sentiment, he said.

Regional markets Hang Seng recorded a 0.49 percent increase in index to 21,816.12 points with Nikkei-225 index up 0.75 percent to 9,378.46 points and Straits Times index gaining 0.53 percent to 3,027.86 points. (*)

Editor: Heru Purwanto
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