The BEI index rose 8.69 points or 0.20 percent to 4,425,24 points with the index of 45 most liquid stocks gaining 0.30 percent to 757.49 points.
"The BEI index gained on positive sentiment from the US market, which rose to a new peak last night, Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Wednesday
Yualdo said domestic sentiment also contributed to driving the BEI index to a positive level today with the price of crude palm oil (CPO) rising in Rotterdam last night.
CPO is a major export earner of the country, which is the world`s largest producer of that commodity.
"A number of other sectors which earlier weakened significantly such as the mining and banking sectors are expected to rebound today," Yualdo said.
Equity Research Associate of PT Sinarmas Sekuritas Christandi Rheza Mihardja predicted that technically BEI index would fluctuate but tend to rise around 4,377-4,439 points.
He suggested monitoring a number of stocks such as Mayora (MYOR), Bank Danamon (BDMN), Astra International (ASII), Wijaya Karya (WIKA).
Regional markets Hang Seng recorded a 0.02 percent gain in index to 23,662.84, with Nikkei-225 index shrinking 0.81 percent to 10,623.02 points and Straits Times gaining 0.18 percent to 3,225.65 points. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
