Jakarta Closed Index Higher

Jakarta, Sept 17 (Antara) - The Jakarta composite index (JCI) closed 57.68 points higher on Wednesday to follow regional trend. The index of the Indonesian Stock Exchange (BEI) rose 1.11 percent to the level of 5,188.18 points with index of 45 most liquid stock up 1.29 percent to 876.66 points. Regional markets recorded gain on positive sentiment with Chinese central bank extending stimulus to boost that country`s economic growth,Panin Sekuritas` analyst Purwoko Sartono said . Purwoko said the Chinese central bank provided the stimulus as that country`s economic growth this year is expected fall short of its target of 7.5 percent on slump mainly in the property sector. "Chinese economic growth is a strong magnet in this region. We predict the effect of the Chinese stimulus would continue," he said. Trade at the BEI on Wednesday was marked with 222,315 transactions and 5.71 billion shares valued at Rp5.67 trillion changing hands. Regional markets such as Hang Seng and Straits Times recorded an increase in index, but Nikkei reported a decline. Meanwhile, rupiah gained slightly in interbank closing at the level of 11,966 per US dollar from earlier level of 11,971 per dollar. The rupiah rose only slightly as investors are still wary of the monetary policy to be taken by the US central bank at the meeting of Open Market Commission (FOMC) in September 17-18.