"The Asian markets including BEI gained this morning to follow significant strengthening of the global market last night."Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading on Thursday morning with the composite index rising to follow the global trend.
The BEI index rose 9.72 points or 0.20 percent to 4,887.19 points with index of 45 most liquid stock 0.3 percent higher at 825.29 points.
"The Asian markets including BEI gained this morning to follow significant strengthening of the global market last night," Samuel Sekuritas` analyst Yualdo Yudoprawiro said here on Thursday.
Yualdo said Chinese imports rose 14.1 percent in March exceeding market expectation prompting investors to buy shares.
In addition, a statement by the the US central bank, the Fed, which said it would continue to maintain its third quantitative easing until the end of 2013 gave additional positive sentiment, he Said.
In addition to the positive sentiments from the global market, the BEI rise was also driven by increase in the prices of automotive, mining and banking shares, he said.
Panin Sekuritas` analyst Purwoko Sartono said the movements of the BEI index are shadowed by expected increase in the prices of subsidized oil fuels.
The government has hinted it would raise the prices of oil fuels to curb swelling energy subsidy.
"The market players are also awaiting an announcement by the central bank on its benchmark interest rate amid rising inflation lately," Purwoko added.
Regional markets Hang Seng recorded a 0.77 percent increase in index to 22,203.39 points, Nikkei-225 posted a 0.90 rise in index to 13,407.26 points and Straits Times index picked up 0.36 percent to 3,305.14 points.
(Uu.H-ASG/O001)
Editor: Priyambodo RH
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