The index of the Indonesian Stock Exchange (BEI) rose 32.70 points to 5,032.84 points with index of 45 most liquid stocks up 0.82 percent to 852.40.
"Domestic investors bought more shares hoping to take advantage of the low share prices," Woori Korindo Securities Indonesias analysts Reza Priyambada said.
Share prices fell sharply last week followed riotous political squabbling at Parliament.
In addition, the market trend is favorable in Asia, encouraging investors in the country, Reza said.
The market players, however, are still waiting for the result of the election of new leaders of the Peoples Consultative Assembly.
HD Capitals analyst Yuganur Wijanarko said the market expectation of the performance of listed companies in the country is good adding to the positive sentiment on the domestic market.
The market ended with 235,667 transaction and a turnover of 3.89 billion shares valued at Rp4 trillion.
Gainers totaled 215 shares as against decliners of 119 shares with 91 shares remaining unchanged.
Regional markets such as Hang Seng recorded an increase in index with Nikkei and Straits Times losing.(*)
Editor: Heru Purwanto
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