REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) closed higher on Wednesday night on positive external sentiment and optimism of domestic economy.
The index of the Indonesian Stock Exchange rose 24.65 points or 0.55 percent to 4,537.17 points with the index of 45 blue chips up 0.81 percent to 793.30 points.
"Regional markets regained strength contributing to increase in index today," Investa Saran Mandiri analyst Kiswoyo Adi Joe said here on Wednesday.
In addition, the government is expected issue another its 9th economic policy package or the 9th and that disbursement of capital spending budget already started early this year, Kiswoyo said.
"It is predicted that the economic growth target of 5 percent this year would be reached. The confidence of investors in the government , therefore, could be maintained," he said.
Chief researcher of Universal Broker Indonesia Satrio Utomo noted the share prices of companies operating in the construction sector and related sectors rose.
"The JCI already gave positive signal since yesterday . The JCI is on a rising trend. However, the market players are recommended to continue to buy on weakness," he said.
The trade on Wednesday recorded 226,997 transactions with 2.68 billion shares valued at Rp4.30 trillion changing hands.
Gainers were outnumbered by decliners by 131 to 154 with 91 other shares unchanged.
Regional markets such as Hang Seng,Nikkei and Straits Times recorded gain in index.
Meanwhile, rupiah in inter bank transactions closed stronger trading at the level of 13,850 per U.S. dollar gaining from earlier level of 13,909 per dollar AS.
"Rupiah and currencies of other developing economies gained after optimism reflected in the Chinese trade data," chief researcher of Monex Investindo Futures Ariston Tjendra said.
Ariston said Chinese exports rose 1.4 percent after a slowdown in the past six months. Chinese imports fell 7.6 percent but still was better than expected.
A hefty surplus of US$60.09 billion was recorded in the Chinese international trade.
"The Chinese trade data and the yuan value, which was relatively stable, helped reduced earlier worries in developing economies," he said.
In addition rising oil prices though limited was also a factor strengthening rupiah. The prices of WTI crude oil rose 2.83 percent to US$31.30 per barrel and Brent up 2.59 percent to US$31.66 dollar per barrel.
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