IHSG increased by 2.38 points, or 0.05 percent, to 4,394.76 points and LQ45 rose 0.61 points, or 0.08 percent, to 751.27 points.
"IHSG moved higher after a correction yesterday. Judging from the close of today's trading, the correction did not send any negative signals," said Satrio Utomo, the Head of Universal Research Broker Indonesia, here on Tuesday.
He stated that the lack of positive sentiments from regional markets could keep IHSG within the range of 4,380-4,425 points.
"From a medium-term perspective, IHSG shows a horizontal trend. Investors are advising to accumulate commodity sector stocks,? Satrio added.
Meanwhile, Panin Securities analyst Purwoko Sartono said IHSG would move mixed this week.
"Investors are waiting for the views and policies of Bank Indonesia (BI) on addressing the trends of weakening rupiah and diminishing value of Indonesian exports," he noted.
Purwoko predicted that IHSG would move in the range of 4,370-4,397 points. Among the stocks he recommended were Alam Sutera Reality (ASRI), Petrosea (PTRO), Cowell Development (COWL) and Tower Sharing Infrastructure (TBIG).
Hangseng fell 129.17 points, or 0.05 percent, to 23,200.58 points; Nikkei-225 declined by 39.87 points, or 0.38 percent, to 10,559.14 points; and Straits Time fell 7.40 points, or 0.24 percent, to 3,210.43 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
