"Asian markets gained significantly triggering profit taking on some domestic stocks pushing up the BEI index," analyst Reza Priyambada said.Jakarta (ANTARA News) - The composite share price index of the Indonesian Stock Exchange (BEI) extended gain on Wednesday boosted by regional sentiment.
The index closed 13.95 points or 0.31 percent higher at 4,452.98 points with the index of 45 mots liquid stocks (LQ45) rose 3.49 points or 0.46 percent to 761.14 points.
"Asian markets gained significantly triggering profit taking on some domestic stocks pushing up the BEI index," Trust Securities` analyst Reza Priyambada said here on Wednesday.
Reza said market players` projection of financial performances in 2012 of issuers is also positive adding to the positive sentiment in the market.
In addition, the US and European markets also tended to strengthen on improved financial reports of issuers in the two regions, he said.
He said the BEI index still has room for greater gain but investors chose to await and see economic data to9 be issued mainly from the United States and Europe.
Trade on Wednesday has a frequency of 157,752 transactions with 4.110 billion shares valued at Rp4.401 trillion changing hands.
Gainers dominated decliners by 139 to 119 with 119 stock flat.
Regional markets Hang Seng recorded a 0.71 percent increase in index to 23,822.06 points , Nikkei-225 index rose 2.28 percent to 11,113.95 points and Straits Times gained 0.65 percent to 3,280.80 points.(*)
Editor: Heru Purwanto
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