The index of the Indonesian Stock Exchange (BEI) rose 4.45 points or 0.09 percent to 5,053.94 points with the index of 45 most liquid stock up 0.20 percent to 867.21 points.
Asjaya Indosurya Securities analyst William Suryawijaya said the return of foreign investors to the domestic market and the rupiah gain over the U.S. dollar prevented the JCI from falling to the negative territory.
"Capital inflow into the domestic market indicated that foreign investors still have strong confidence in the domestic market," William said.
Trade on Monday recorded foreign net buy at Rp441.315 billion.
William said if the rupiah continue in the positive territory, the JCI had the potential to climb higher.
There were 191,113 transaction in trade on Monday with 3.51 billion shares worth Rp3.71 trillion changing hands.
Gainers outnumbered decliners by 161 to 149 shares with 88 shares unchanged.
Regional markets such as Hang Seng recorded an increase in index with Nikkei and Straits recording a decline.(*)
Editor: Heru Purwanto
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