"Regional markets gained on improved US employment data offsetting negative effect of declining consumer confidence," analyst Purwoko Sartono said.Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) closed trading this afternoon with composite share price index gaining on positive sentiment from regional markets.
The BEI index closed 0.28 percent higher at 4,302.61 points with the index of 45 most liquid stocks following with 0.58 percent rise to 731.66 points.
"Regional markets gained on improved US employment data offsetting negative effect of declining consumer confidence," Panin Sekuritas` analyst Purwoko Sartono said.
In addition encouraging news also came from China with factory output and retail sales exceeding earlier expectation, Purwoko said here on Monday.
This is seen as a positive signal for that Chinese economy is ready to take a new pace of high growth, he said.
The BEI index movements are also determined by news about the plan of Bank Indonesia to raise one week overnight rate given to commercial banks to soften the pressure on rupiah, he said.
He predicted that BEI index would have possibility of extending gain on Tuesday to 4,285-4,320 points.
Transactions on Monday were recorded at 162,740 times involving 4.634 billion shares valued at Rp3.74 trillion changing hands.
Decliners outnumbered gainers by 149 to 113 with 98 shares flat.
Regional markets Hang Seng recorded a 0.39 percent increase in index to 22,276.72 points with Nikkei-225 up 0.07 percent to 9,533.75 points and Straits Times gaining 0.43 percent to 3,120.46 pints.(*)
Editor: Heru Purwanto
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