The index of the Indonesian Stock Exchange (BEI) rose 30.38 points or 0.68 percent to 4,497.05 points with index of 45 most liquid stocks up 0.91 percent to 757.89.
Head of Research of Valbury Asia Securities, Alfiansyah, said the World Bank believed that Indonesia still has good opportunity to avert middle income trap.
Meanwhile, Bank Indonesia had expressed optimism about the countrys economic condition.
The central bank said Indonesia still has strong economic fundamentals, Alfiansyah said.
"Stabilization policy adopted by the government and the central bank has succeeded in cutting current account deficit and inflation," he said.
A team and technical analysts from Mandiri Sekuritas said buying action by foreign investors gave positive sentiment to the domestic stock market.
This week a number of listed companies are expected to release their financial reports.
The team said the BEI index has the potentials to stay in positive areas with rising tendency .
Regional markets such as Hang Seng recorded a 0.19 percent rise in index to 21,676.99, with Nikkei index up 1.03 percent to 14,612.06 and that of Straits Times gaining 0.19 percent to 3,018.77 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
