Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading this morning with the composite share price index gaining to cross the level of 4,500 points amid losses recorded by the majority of markets in Asia.

The BEI index rose 0.05 percent to 4,501.12 points with the index of 45 most liquid stocks following with a gain of 0.07 percent to 770.39 points.

"The BEI index crossed the psychological level of 4,500 with banking and consumer stocks the main drivers," Samuel Sekuritas` analyst Yualdo Yudoprawiro said.

Yualdo said one of the factors triggering the rise in the BEDI index was positive sentiments brought about by the release of Australia`s unemployment data, which fell to 5.4 percent

Meanwhile, Trust Securities` analyst Reza Priyambada predicted that BEI index would hover around 4,470-4,520 points during today`s trading with limited gain on profit taking.

"Our estimate is the tendency of BEI index to fall would be prevented by positive sentiments," Reza said.

Regional markets Hang Seng recorded a 0.34 percent fall in index to 23,178.66 points, Nikkei-225 index fell 0.86 percent to 11,364.86 points and Straits Times weakened 0.27 percent to 3,267.69 points.(*)

Editor: Heru Purwanto
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