Selective buying action pushed up the BEI index to a new peak.Jakarta (ANTARA News) - The composite index of the Indonesian Stock Exchange (IDX/BEI) hit a new record on Thursday`s closing crossing the psychological level of 5,000 points on selective buying action by domestic and foreign investors.
The BEI index closed 13.99 points or 0.28 percent higher at 5,012.64 points with index of 45 most liquid stocks gaining 0.19 percent to 849.55 points.
"Selective buying action pushed up the BEI index to a new peak," Panin Sekuritas` analyst Purwoko Sartono said here.
The selective buying followed the issuance of Q1 financial reports this year by listed companies, Purwoko said.
"The BEI index rose when the majority of Asian market declined on negative sentiment from Wall Street following the International Monetary Fund`s projection that metal industry would weaken," he said.
Chief researcher of MNC Secuirites, Edwin Sebayang, predicted the increase in the index crossing the psychological level would strengthen the confidence of the domestic market players.
"There would always be fluctuations but the trend would be on the increase. We are confident the the BEI index would go up as high as 5,150 points this year," Edwin said.
There were 139,574 transactions with 5.331 billion shares changing hands valued at Rp5.368 trillion in Thursday`s trading.
Gainers led over decliners by 138 to 134 with 124 shares flat Regional markets Hang Seng recorded a 0.26 percent fall in index to 21,512.52 points with index of Nikkei-225 shrinking 1.22 percent to 13,220.07 points and Straits Times gaining 0.01 percent to 3,291.79 points.
(Uu.H-ASG/A014)
Editor: Priyambodo RH
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