REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index opened 0.25 percent higher in early trade on Wednesday on the Fed's decision to maintain low interest monetary policy.
The index of the Indonesian Stock Exchange (BEI) rose 12.11 points to 4,886.04 with index of 45 most liquid stocks up 0.14 percent to 825.31 points.
"The statement of the Fed chairwoman Janet Yellen that it would consider maintaining US monetary policy with low interest rate drew positive reaction from the global market including BEI," PT Anugerah Sekurindo Indah's analyst Bertoni Rio said.
The Fed would not change its policy in the near future as the policy would contribute to US economic recovery, Bertoni said.
Domestically, positive sentiment came after the release of economic data by the Central Bureau Statistics in line with the market expectation.
The agency said the country's inflation was 0.08 percent month-on-month in March and a surplus of US$785.3 million was recorded in the country's foreign trade in February.
He predicted the BEI index would rose to as high as 4,927 points on Wednesday.
Regional markets such as Hang Seng recorded a 0.15 percent increase in index to 22,482.49 points with Nikkei index up 1.51 percent to 15,016.01 points and that of Straits Times gaining 0.15 percent to 3,203.24 points.
Meanwhile, the country's currency rupiah gained against the US dollar in the opening trade.
The currency traded at the level of 11,304 per US dollar gaining from 11,313 per dollar earlier.
Ikuti Whatsapp Channel Republika
