The positive domestic sentiment and the strengthening of regional exchange has strengthened the BEI`s IHSG this morning."Jakarta (ANTARA News) - The Indonesian Composite Index (IHSG) has strengthened 6.86 points following a positive domestic bond market movement at the Indonesian Stock Exchange (BEI) here on Monday morning.
The index increased 6.86 points or up 0.15 percent to 4,731.28 level, while the exchange`s 45 most liquid stocks surged 1.75 points or an increase of 0.22 percent to 793.67.
According to Samuel Security`s analyst Benecditus Agung, the positive re-movement of domestic market with yield of the ten year-tenor`s Government Bonds (SUN) has continued to fall 7.87 percent during the last three days.
"The positive domestic sentiment and the strengthening of regional exchange has strengthened the BEI`s IHSG this morning," he said.
Most of Asia`s markets strengthened in the opening on Monday morning, particularly Japan`s exchange as the impact the victory of the coalition parties lead by Prime Minister Shinzo Abe on parliamentary election on last Sunday, July 21.
The strengthening of IHSG was also supported by The Fed`s statement that intended to reduce economic stimulus but the plan would consider the US macro economic development, said Panin Security`s Analyst Purwoko Sartono.
Purwoko predicted that in the early weekend, the IHSG would fluctuate ranging 4,690 to 4,750 points as the threats of yield actions and overshadowed by rate exchange`s volatility which tended to increase.
Other regional markets, like Hang Seng opened lower 5.66 points (0.03 percent) to 21,356.76, Nikkei-225 index increased 63.85 points (0.44 percent) to 14,654.44, and Straits Times strengthened 24.9 points (0.75 percent) to 3,238.65 level.
(Uu.A060/F001)
Editor: Priyambodo RH
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