Indonesia Share Extend Gain On Friday

Jakarta, Oct 5 (ANTARA) - Indonesian share extended gain when the Indonesian Stock Exchange (BEI) opened on Friday morning on positive external sentiments. The composite share price index of the BEI rose 0.3 percent to 4,284.08 points with index of 45 most liquid stocks gaining 0.30 percent to 739.58 points. Milenium Danatama Sekuritas` analyst Abidin said more than expected improvement of US employment data shored up global markets including BEI. Positive sentiment also came from the European Central Bank (ECB) which announced it was ready to buy bonds from secondary market, Abidin said. He said the BEI index could still go up to as high as 4,300 points to reach the level of resistance. Panin Sekuritas` analyst Purwoko Sartono said positive sentiment from the United States was strong more than enough to offset negative sentiment from China, which reported poorer economic data. However, the rise of BEI index this week is expected to be curbed by profit taking normally taking place when the index has hit a record high, Purwoko said. In addition, the market players still want to wait and see the results of the ECB meeting , he said. Regional markets, Hang Seng gained with index up 0.42 percent to 20,995.44 points, Nikkei-225 with index rising 0.40 percent to 8,860.21, and Straits Times eased 0.01 percent to 3,087.03 points.