Foreign investors began to return to the domestic market on expectation of favorable political situation in the coming presidential election, an analyst said.
Jakarta (ANTARA News) - The Jakarta composite index (JCI) extended gain crossing the psychological level of 5,000 in the closing trade on Friday.

The index of the Indonesian Stock Exchange (BEI) closed 3994 points or 0.8 percent higher at 5,031.57 points with the index of the 45 most liquid stocks up 1.21 percent to 858.86 points.

Foreign investors began to return to the domestic market on expectation of favorable political situation in the coming presidential election, Panin Sekuritas analyst Sartono said.

The country will elect a new president on July 9 to replace President Susilo Bambang Yudhono who will end his second presidential term this year.

Foreign investors bought more than selling shares resulting in foreign net buy of Rp1.26 trillion Trading on Friday.

There were 231,842 transactions on Friday with 4.26 billion shares valued at Rp7.23 trillion changing hands.

Gainers outnumbered decliners by 162 to 138 with 102 shares flat.

Regional markets such as Hang Seng fell 0.08 percent in index to 22,712.91 points with Nikkei index down 1.41 percent to 14,006.59 points and that of Straits Times falling 0.30 percent to 3,262.59 points . (*)

Editor: Heru Purwanto
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