Market optimism with the country`s macro economic condition was one of the catalysts keeping the JCI in the positive area."Jakarta (ANTARA News) - The Jakarta composite index (JCI) extended gains in the opening trade on Tuesday on high optimism of Indonesian economic performance.
The index of the Indonesian Stock Exchange (BEI) opened 2.96 points or 0.06 percent higher at 4,845.47 points with the index of 45 most liquid stocks up 0.09 percent to 817.93 points.
"Market optimism with the countrys macro economic condition was one of the catalysts keeping the JCI in the positive area," head of Research of Valbury Asia Securites Alfiansyah said.
He said despite slowdown shown in data released of the Gross Domestic Product, investors remains confident in the countrys economy this year.
The Indonesian GDP in the first quarter of 2014 grew only 5.21 percent on-year, lower than the growth recorded a year earlier.
Bank Indonesia is not expected to change its benchmark interest rate when it holds its routine meeting this week despite the economic slowdown, he said .
The attention of the market players, however, will continue to be drawn to external factors, he said, adding the US quantitative easing" (QE) is expected to end this year and the market would wait the policy of the Fed in interest rate.
Asjaya Indosurya Securities analyst William Surya wijaya said basically the JCI is still on the rising trend.
Regional markets such as Hang Seng recorded an increase of 1.28 percent in index to 21,976.33 points, with Nikkei index down 0.19 percent to 14,457.51 and that of Straits Times down 0.15 percent to 3,246.42 points.
(Uu.H-ASG/F001)
Editor: Priyambodo RH
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