"Asian market including BEI opened stronger this morning to follow the US market that gained on the Fed`s tapering decision on its financial stimulus tapering," analyst Benedictus Agung said.
Jakarta (ANTARA News) - The Jakarta composite share price index opened 0.76 percent higher on Thursday to follow the regional trend

The index of the Indonesian stock exchange rose 13.76 points to 4,228.04 points with the index of 45 most liquid stocks up 1.17 percent to 705.19 points.

"Asian market including BEI opened stronger this morning to follow the US market that gained on the Feds tapering decision on its financial stimulus tapering," Samuel Sekuritas analyst Benedictus Agung said .

The Fed would trim its massive bond buying program from US$85 billion to US%75 billion a month starting January, 2014, Benedictus added.

However, negative sentiment from the falling value of rupiah against the US dollar is expected to curb the upward move of the BEI index, he said.

A team of analyst from Mandiri Sekuritas said the cut in the Feds financial stimulus would serve a positive sentiment for the BEI index next years.

"The opportunity would be open the wider for window dressing for investors," he said.

He predicted that the BEI index would hover at the level of 4,175-4,278 points on Thursday.

Meanwhile, in interbank transactions in the opening trade on Thursday morning, rupiah remained flat at the level of 12,168 per US dollar. (*)

Editor: Heru Purwanto
Copyright © ANTARA 2013