The BEI index rose 12.77 points or 0.27 percent to 4,815.59 points with index of 45 most liquid stocks (LQ45) gaining 0.39 percent to 823.41 points.
The majority of markets in Asia including BEI recorded a rebound Tuesday morning after suffering the impact of Cyprus`s controversial banking policy, Samuel Sekuritas` analyst Adrianus Bias said
Cyprus plans to slap additional tax on deposits in its banks to increase state income," Adrianus said here on Tuesday.
The unprecedented levy on bank deposits threatened to derail the nation`s bailout and prompted a tumble in the euro.
Adrianus said a number of shares falling into negative area in previous trade such as banking and consumer sectors , are expected to record a technical rebound .
Panin Sekuritas` analyst Purwoko Sartono predicted BEI index on Tuesday would move in consolidation but tends to weaken and hover around 4,780-4,820 points.
Purwoko said investors are still worried by Chinese plan to tighten its policy in the property sector and the plan of Cyprus to raise tax on bank deposits.
"The Cyprus` plan is feared to trigger systemic run on banks in that region," he said.
Regional markets Hang Seng recorded an increase of 0.57 percent in index to 22,209.92 points, Nikkei-225 posted an increase of 1.82 percent to 12,443.04 points and Straits Times` index rose 0.35 percent to 3,267.82 points.(*)
Editor: Heru Purwanto
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