Jakarta (ANTARA News) - The composite stock price index (IHSG) of the Indonesian stock exchange (BEI) opened 0.92 points higher on Thursday, following the Asian stock exchanges, according to a market analyst.

IHSG BEI rose 0.92 points, or 0.02 percent, to 4,276 points and LQ45 increased 0.29 points, or 0.03 percent, to 729.83 points.

"Asian stock exchanges and BEI opened higher this morning, driven by the Japanese stock exchange and the stimulus expected from Prime Minister Shinzo Abe," Samuel Security analyst Yualdo Yudoprawiro said here on Thursday.

"The BEI index has been influenced by the positive sentiments from Japan and may reach the resistance level of 4,295 points," he added.

Meanwhile, Panin Security analyst Purwoko Sartono stated that IHSG BEI was still affected by exchange rate fluctuations, with the rupiah weakening against the dollar.

"IHSG is likely to trade mixed and remain within a range of 4,260-4,300 points," he said.

Sartono noted that there would be limited transactions during the holiday season this week.

He recommended a number of stocks, including Mitra Adiperkasa (MAPI), Adhi Karya (ADHI), Visi Media Asia (VIVA), MNC Sky Vision (MSKY) and Alam Sutera Realty (ASRI).

Hang Seng rose 90.86 points, or 0.04 percent, to 22,632.04 points; Nikkei-225 increased 132.22 points, or 1.29 percent, to 10,362.58 points; and Strait Times rose 6.21 points, or 0.20 percent, to 3,187.02 points. (*)

Editor: Heru Purwanto
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