Jakarta index extends gain , rupiah flat

Jakarta (ANTARA News) - The Jakarta composite share price index extended gain on Thursday opening 0.45 percent higher .

The index of the Indonesian Stock Exchange rose 19.31 points to 4,270.80 points with index of 45 most liquid stocks up 0.61 percent to 708.78 points.

Samuel Sekuritas analyst Benedictus Agung said the BEI index extended gain to follow the regional trend that buoyed with optimism over improvement in the US economy.

"US unemployment rate declined and US consumer confidence is unexpectedly positive," Benedictus said.

However, the rupiah weakening tendency still renders a negative sentiment to the BEI index, he said.

Regional markets such as Hang Seng recorded a 0.73 percent increase in index to 23,981.23 points with Nikkei-225 index up 1.26 percent to 15,643.71 points and that of Straits Times gaining 0.77 percent to 3,196.76 points.

Meanwhile, the rupiah value in inter-bank transaction hardly moved trading at the level of 11,884 per US dollar in the opening trade on Thursday.

"Rupiah tended to weaken against the US dollar ahead of the announcement of the Indonesia economic data early December," chief researcher of Trust Securities Reza Priyambada said.

Reza said the market players had not seen significant improvement in the countrys trade balance and balance of payments. (*)