REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index closed higher on Tuesday to follow the rupiah strengthening, analysts said.

The index of the Indonesian Stock Exchange (BEI) rose 12.01 points or 0.23 percent to 5,337.50 points with index of 45 most liquid stocks up 0.31 per cent to 929.68 points.

"After fluctuating in morning and mid day trading, the BEI index gained at the close of the day's trading to follow the rupiah strengthening," PT Investa Saran Mandiri's analyst Kiswoyo Adi Joe said .

The trade surplus of US$710 million in January is one of the factors pushing up the BEI index to the positive area, Kiswoyo said.

In addition foreign capital has continued to flow into the market, he said.

Data at the BEI showed that there was a foreign net buy of Rp163.6 billion.

However, the conflict between the Corruption Eradication Commission and Police prevented the BEI index from rising higher, he said.

There were 174,422 transactions in Tuesday trading with 3.47 billion shares worth Rp3.49 trillion changing hands.

Decliners outnumbered gainers by 147 to 130 shares .

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

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