"Asian markets opened lower this morning including BEI but shortly later positive domestic sentiment pushed up the JCI higher to a positive territory," Asjaya Indosurya Securities analysts William Suryawijaya said here, Tuesday.
The index of the Indonesian Stock Exchange (BEI) opened 0.43 point or 0.01 percent lower to 5,177.94 but rose at 09.30 local time to 5,185.61 points.
The index of 45 most liquid stocks was 0.01 percent down at the first minutes of trading to 892.70 points.
The trend gave greater optimism and enthusiasm in the market amid negative external sentiments, William said, adding in shirt term the JCI is on the rising trend.
The JCI is expected to hit the level of 5,200 by the close of the year to resume a positive trend in 2015, he said.
Head of Research of Valbury Asia Securities Alfiansyah the chance of JCI to climb higher is open with the rupiah stability protected especially as demand for dollar has declined by the end of the year.
Regional markets such as Hang Seng and Nikkei recorded a decline in indices and Straits Times recorded an increase.(*)
Editor: Heru Purwanto
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