"Foreign investors increased transactions, recording net buys of Rp1.574 trillion, to drive the Jakarta index up on Tuesday," head of research of Trust Securities Reza Priyambada said.Jakarta (ANTARA News) - The Jakarta Stock Exchange index (IHSG) closed at 4,358.14 on Tuesday, driven by foreign players who assumed a buying position.
The IHSG closed up 166.89 points, or 3.98 percent, while the index of the 45 blue chips rose 38.21 points, or 38.21 percent, to 739.06.
"Foreign investors increased transactions, recording net buys of Rp1.574 trillion, to drive the Jakarta index up on Tuesday," head of research of Trust Securities Reza Priyambada said.
He noted that most regional stock exchanges also continued their hikes, affecting the IHSG positively as it became bullish.
HD Capital analyst Yuganur Wijanarko said the hike of the Jakarta index in the past two days was quite high, being driven by the regional strengthening and rupiah exchange, which could end with sell-offs so, therefore, care must be taken.
He recommended several stocks that had to be monitored closely, including Bank Jabar and Bantern (BJBR), Tiga Pilar Sejahtera Food (AISA), Sentul City (BKSL) and Indofood Sukses Makmur (INDF).
Meanwhile, transactions on the Jakarta Stock Exchange (BEI) on Tuesday reached 270,915 times, with the volume reaching 6.700 billion shares worth Rp8.961 trillion.
A total of 227 shares gained, while 682 were down and 73 shares were unmoved.
The Hang Seng index rose 226.00 points (0.99 percent) to 22,976.65 while the Nikkei-225 was up 218.13 points (1.54 percent) to 14,423.36 and Straits Times jumped 29.10 points (0.94 percent) to 3,118.76.(*)
Editor: Heru Purwanto
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