The index of the Indonesian Stock Exchange (BEI) closed 29.14 points or 0.56 percent higher at 5,246.48 points with index of 45 most liquid stocks up 0.69 percent to 892.72 points.
"The JCI extended gain hitting a record high as investors were confident that the countrys economy would remain stable amid the global economic slowdown," PT Asjaya Indosurya Securities analyst Williams Surya Wijaya said.
William said foreign net buy was recorded again at Rp561.191 billion indicating the investors confidence in the countrys macro economy .
He said continued inflows of foreign investment into the domestic market also showed the confidence of investors that the country would reach its economic growth target of 5.1-5.5 percent this year.
The increase in the countrys foreign exchange reserves to US$111.2 billion by the end of August from US$110.5 billion a month earlier also contribute to governments efforts to boost economic growth , he said
Trade on Monday was marked with 244.520 transactions and 3.303 billion shares worth Rp4.689 trillion changing hands
Gainers outnumbered decliners by 197 to 151 shares with 106 shares flat.(*)
Editor: Heru Purwanto
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