The index of the Indonesian Stock Exchange (BEI) rose 9.44 points or 0.18 percent to 5,142.01 points with index of 45 most liquid stocks up 0.5 percent to 874.85 points.
The JCI edged higher after a sharp fall last weekend. The JCI shrank last weekend on result of plenary session of the House of Representatives on regional election system not up to expectation of investors, analysts said.
"Many investors bought shares taking advantage of the price fall last weekend," an analyst of Woori Korindo Securities Indonesia (WKSI) Reza Priyambada said.
Reza said the strengthening of index was limited as the market took the "wait and see" position ahead of the announcement of the countrys macro economic data to be released early October by the Central Bureau of Statistics (BPS)
"Hopefully the macro economic data could offset the negative external sentiments," he said.
Asjaya Indosurya Securities analyst William Surya Wijaya said technical factor drove the JCI to the positive area .
"Short term investors need to be more careful but long term investors could buy shares when the prices are low," he said.
Trade on Monday recorded 239,546 transactions with 3.41 billion shares valued at Rp4.01 trillion changing hands.
Decliners outnumbered gainers by 194 to 127 shares with 86 shares remaining unchanged.
Regional markets such as Hang Seng recorded a decline in index but Nikkei Straits Times recorded an increase.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
