Domestic sentiment is quite dominant."Jakarta (ANTARA News) - The Jakarta composite index (JCI) recorded a strong growth in the closing trade on Wednesday boosted by rupiah strengthening.
The index of the Indonesian Stock Exchange gained 70.24 points or 1.43 percent to 4,991.64 with index of 45 most liquid stocks up 2.04 percent to 848.57 points.
HD Capitals analyst Yuganur Wijanarko said the rupiah strengthening was one of the contributors to the JCI rise to the positive area.
Rupiah closed stronger on Wednesday to 11,444 per US dollar or a gain of 93 basis points.
Yuganur said positive political catalyst was quite conducive encouraging investors to buy more shares that the JCI could climb to cross the psychological level of 5,000 points.
"Domestic sentiment is quite dominant," he said.
PT Asjaya Indosurya Securities William Surya Wijaya said inflow of foreign fund to the domestic market added to the positive sentiment.
In Wednesdays trade foreign investors bought more than selling shares resulting in a net buy of Rp1.261 trillion.
"Continued inflows of funds contributed to pushing up the JCI," he said. .
There were 252,384 transactions in Wednesdays trade on the BEI with 4.80 billion shares worth Rp7.39 trillion changing hands.
Gainers outnumbered decliners by 182 to 118 saham with 100 shares flat.
Regional markets such as Hang Seng posted a 1.03 percent increase in index to 22,582.39, with Nikkei index down 0.14 percent to 14,405.76 and that of Straits Times gaining 0.99 percent to 3,254.41 points.
(Uu.H-ASG/INE/H-YH)
Editor: Priyambodo RH
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