The index of the Indonesian Stock Exchange (BEI) rose 15.82 points or 0.30 percent to 5,242.77 points with index of 45 most liquid stocks up 0.51 percent to 903.13 points.
"Transactions in the first trading day of 2015 were brisker although many market players are still on new year holidays," Head of Research of Valbury Asia Securities Alfiansyah said.
Alfiansyah said the determination shown by the government to build infrastructure in 2015 gave positive signals that boosted the JCI.
He said increase in tax revenues and reallocation of oil fuel (BBM) subsidy to productive sectors create big fiscal room in thye revised state budget for 2015.
A big part of the fund would be used for infrastructure development, he said.
HD Capitals analyst Yuganur Wijanarko said buying action in the first trading day this year pushed up the JCI driven by positive sentiment including the subsidized BBM price fall.
"The sentiment is positive for shares especially consumer and property shares at BEI," Yuganur said.
The government has cut the price of subsidized premium gasoline to Rp7,600 per liter from Rp8,500 and automotive diesel oil to Rp7,250 from Rp7,500 per liter as from January 1 , 2015.
Transactions recorded in Friday trading totaled 211,878 with 3.83 billion shares valued at Rp3.43 trillion changing hands.
Regional markets such as Hang Seng and Straits Times recorded gain in index. Malaysias KLCI recorded a decline.
(Uu.H-ASG/H-YH)
Editor: Priyambodo RH
Copyright © ANTARA 2015
