The index of the Indonesian Stock Exchange (BEI) opened 0.27 percent higher at 4,581.44 points with the index of 45 most liquid stocks up 0.42 percent to 768.47 points.
The increase in the BEI index came as a reversal of two days of profit taking triggered decline.
Head of Research of Valbury Asia Securities, Alfiansyah, said a number of listed companies published 2013 financial reports with positive performance that propped up the BEI index.
Externally, positive sentiment came from the US central bank with chairwoman Janet Yellen giving a statement easing fear of aggressive aggressive trimming of the Fed financial stimulus.
Yellens statement showed that she chose to adopt an accommodating monetary policy for the near future.
"The statement lifted the Wall Street index last night," Alfiansyah said.
PT Anugerah Sekurindo Indahs analyst Bertoni Rio said foreign investors are expected to come to the market again to buy more shares giving positive sentiment to the market in the close of this week.
"The BEI index is predicted to move around 4,540--4,590 points today with multifarious industries, construction, and property stocks leading the increase," he said.
Regional markets such as Hang Seng gained 0.64 percent in index to 22,974.25 points with Nikkei index up 0.04 percent to 14,929.47 points and that of Straits Times rising 0.13 percent to 3,100.67 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
