The index of the Indonesian Stock Exchange (BEI) rose on market players buying more than selling shares especially shares of consumer goods companies.
The index of 45 most liquid stock rose 0.79 percent to the level of 773.75 points.
"The increase in the consumption shares bought by investors followed growing strength of rupiah that contributes to purchasing power of consumers," Kresna Graha Sekurindo`s analyst Ryya Rusdiana Putra said.
Gudang Garam the cigarette maker led an increase in the price of consumption shares after the cancellation of plan to raise tobacco excise tax next year.
Etta Rusdiana Putra said the rise in the BEI index was also attributable to domestic sentiment such as inflation that has returned to a normal level in September, and positive global sentiment.
"The pressure on global market has been lifted after the US agreement to raise its debt ceiling saving the wolrd`s largest economy from default and stronger growth of 7.8 percent recorded by China in the third quarter," she said.
Trade on Monday on the BEI recorded 151,765 transactions with 4.113 billion shares worth Rp5.111 trillion changing hands.
Gainers outnumbered decliners by 162 to 104 with 116 shares flat.
Regional market such as Hang Seng recorded a 0.42 percent increase in index to 23,438.15 points with Nikkei-225 index up 0.91 percent to 14,693.57 points and that of Straits Times gaining 0.09 percent to 3,195.76 points.
(SYS/H-ASG/A014)
Editor: Suryanto
Copyright © ANTARA 2013
