Jakarta index extended gain

"The central bank`s decision to maintain the BI rate at 7.5 percent still gave positive sentiment for the domestic market," an analyst said.
Jakarta (ANTARA News) - The Jakarta composite index extended gain closing higher on Friday on Bank Indonesia (BI) maintaining its benchmark interest rate (BI rate).

The index of the Indonesian Stock Exchange (BEI) closed at 4,254 points or 53.75 points or 1.26 percent higher than previous days close with the index of 45 most liquid stock up 1.8 percent to 711.43.

"The central banks decision to maintain the BI rate at 7.5 percent still gave positive sentiment for the domestic market," chief researcher of Trust Securities, Reza Priyambada, said here on Friday.

Reza said foreign investors began to buy shares marked with net buy of Rp96.492 billion by foreign investors.

Gains recorded by the majority of market in this region also served as a positive sentiment for the domestic market, he added.

HD Capital analyst Yuganur Wijanarko said technically, a decline is potential after BEI index gained in two consecutive days.

There were 175,249 transactions recorded in Friday trading at BEI with 3.68 billion shares worth Rp4.84 trillion changing hands.

Regional markets such as Hang Seng recorded a 0.26 percent gain in index to 22,846.25 points with Nikkei index up 0.20 percent to 15,912.06 points and that of Straits Times losing 0.06 percent to 3,143.62 points.(*)

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