The BEI index gained 0.4 percent to 4,298.93 points with index of 45 most liquid stocks also rising 0.6 percent to 734.38 points.
"Amid US fiscal cliff uncertainty, Asian market including BEI continued to move up in the last four consecutive days," Samuel Sekuritas` analyst Yualdo Yudoprawiro said.
The strengthening of Asian markets is attributable mainly to falling Japanese yen in line with expectation from the new Japanese government, which announced plan to launch stronger monetary, Yualdo said here on Friday.
The failure to reach an agreement over way to deal with fiscal cliff with talks postponed until Dec 30, resulted in US market closing lower last night, he said.
The fall, however, was not very significant down only 0.13 percent propped up by 4.4 percent increase in data sales, he added.
He predicted the BEI index would extend gain with the rise in the crude palm oil (CPO) price.
Indonesia is the world`s largest producer of CPO, which is one of the country`s largest export earners among commodities other than oil and gas.
Regional markets Hang Seng recorded an increase of 0.21 percent in index to 22,666.46 points with Nikkei-225`s index rising 0.78 percent to 10,403.01 points and Straits Times up 0.17 percent to 3,189.25 points.(*)
Editor: Heru Purwanto
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