Jakarta (ANTARA News) - The Jakarta Composite Index (JCI) extended gain to hit a new record high on optimism of investors with the countrys economic data.

The index of the Indonesian Stock Exchange closed 80.01 points or 1.47 percent higher at the level of 5,518.67 points with index of the 45 most liquid stocks up 1.63 percent to 961.93 points.

Investa Saran Mandiris analyst Kiswoyo Adi Joe said investors are active in buying shares on optimism with the countrys macro economic data to be released on Wednesday by the Central Bureau of Statistics.

"The JCI climbed to a new peak higher than the previous record high of 5,514 points on 6 March 2015," Kiswoyo said.

The countrys inflation year-on-year is expected to remain low and improvement is also expected in the countrys trade balance, he said.

Trade on Tuesday ended with 311,434 transaction and 4.77 billion shares valued at Rp6.50 trillion changing hands.

Gainers outnumbered decliners by 216 to 104 shares with 101 shares remaining flat.

Regional markets such as Hang Seng recorded an increase in index with Nikkei and Straits Times declining.

Meanwhile, rupiah in interbank transactions gained against the US dollar trading at the level of 13,063 from earlier level of 13,075 per dollar.

Positive domestic sentiments with expectation of improvement in trade balance and low inflation, strengthened rupiah, financial market observer from Bank Himpunan Saudara, Rully Nova, said

Speculation that the Fed would delay plan to raise its fund rate also contributed to rupiah gain.

(H-ASG/A014)

Editor: Suryanto
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