"The National Development Planning Meeting organized by the National Development Planning Board (Bappenas) is expected to bring about positive sentiment in the market," Sinarmas` analyst Tessa Mulia said here on Tuesday.
The BEI index rose 0.84 points or 0.02 percent to 5,000.59 points with the index of 45 most liquid stocks increasing 0.12 percent to 849.48 points.
Tessa said technically the BEI index should strengthen expected to hover around 4,974-5,015 points.
Samuel Sekuritas` analyst Benedictus Agung said the BEI index gained to follow the majority trend in Asia on rising trend in global market on Monday night .
"The steps taken by the Italian government which tended to be pro-stimulus and expectation that the European Central Bank would cut its interest rate gave positive sentiment to the market." Benedictus said .
However, domestic stock market is forecast to move levelly amid report that the Indonesian government will announce a new oil fuel subsidy policy later on Tuesday.
Regional markets Hang Seng recorded gain in index by 0.89 percent 22,781.85 points with Nikkei-225 index shrinking 0.44 percent to 13,822.80 points and Straits Times index strengthening 0.29 percent to 3,371.67 points. (*)
Editor: Heru Purwanto
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