The index of 45 most liquid stock followed rising 14.65 points or 1.99 percent to 736.72 points.
Chief researcher of KDB Daewoo Securities, Betrand Reynaldi, said technically the increase signaled brisker trade in the Indonesian Stock Exchange (BEI) this week.
"This week there is potential reversal on Tuesday. We predict the BEI index would rise to as high as 4,498 points," Betrand said.
Net buying of Rp320 billion by foreign investors added to the rise of the BEI index, he said.
He recommended holding the shares of Harum Energy (HRUM), Media Nusantara Citra (MNCN), Salim Ivomas Pratama (SIMP).
HD Capitals analyst Yuganur Wijanarko attributed the rise in the BEI index to regional sentiment.
Yuganur, however, warned that the BEI gain was not in line with rupiah condition in the financial market.
Trade at BEI on Monday recorded 128,802 transactions involving 3.28 billion shares worth Rp3.83 trillion with gainers outnumbering decliners by 150 to 103.
Regional markets such as Hang Seng recorded a 2.73 percent increase in index to 23,660.06 points with Nikkei-225 index down 0.01 percent to 15,164.30 points and that of Straits Times gaining 0.06 percent to 3,203.28 points.
Editor: Suryanto
Copyright © ANTARA 2013
