"The BEI index gained significantly on agreement on bailout fund for Cyprus."Jakarta (ANTARA News) - The Composite share price index of the Indonesian Stock Exchange (BEI) closed higher on Monday on positive sentiment from Europe.
The BEI index rose 54.74 points or 1.16 percent to close at 4,777.90 points with the index of 45 most liquid stocks rising 1.40 percent to 810.03 points.
"The BEI index gained significantly on agreement on bailout fund for Cyprus," Panin Sekuritas` analyst Purwoko Sartono said here on Monday.
Purwoko, however, said the rise of BEI index was shadowed by worries about the high inflation of the country for some time to come.
"Rising prices of essential goods and electric tariff hike and possible increase in oil fuel prices would curb upward movement of the BEI index," he said.
He predicted, however, that the BEI index would extend gain on Tuesday to hover around 4,755-4,800 points.
e-Trading Securities` analyst Andrew Argado said foreign market players recorded a net sales of Rp41 billion in regular market.
The stocks sold by foriegn investors were mainly Indofod Sukses Makmur (INDF), Bank Rakyat Indonesia (BBRI), Dyandra Media International (DYAN), Alam Sutera realty (ASRI), and Media Nusantara Citra (MNCN).
Trading on Monday at BEI recorded 187,354 transactions involving 7.972 billion shares valued at Rp20.973 trillion.
Regional markets Hang Seng recorded gain of 0.61 percent in index to 22,251.15 points, Nikkei-225 recorded an increase of 1.69 percent in index to 12,546.46 points and Straits Times gained in index 0.44 percent to 3,272.92 points.
(Uu.H-ASG/A014)
Editor: Priyambodo RH
Copyright © ANTARA 2013
