Jakarta Index And Rupiah Open Stronger

Jakarta, Oct 10 (Antara) - The Jakarta composite share price index rose 0.54 percent in the opening trade on Thursday as investors bought more than selling shares The index of the Indonesian Stock Exchange opened 24.21 points higher at 4,481.65 points with the index of 45 mots liquid stocks up 1.06 percent to 756.63 points. "The market players bought more than selling shares . A statement by the BEI convincing investors not to worry about The Fed monetary stimulus tapering gave positive sentiment to the market," chief researcher of Trust Securities, Reza Priyambada, said here on Thursday. Reza said technically the BEI index could stay in a positive area on receding pressure , but the market players will remain wary of potential reversal of the share movements. He said the slashing of global economic growth prediction by the International Monetary Fund (IMF) and the uncertainty still surrounding the US economy also weigh on the domestic market. HD Capital`s analyst Yuganur Wijanarko said under the prevailing condition second line stocks would tend to be more active. Yuganur recommended attention be set on a number of shares like Tunas Baru Lampung (TBLA), BW Plantation (BWPT), Citra Marga (CMNP), Saracentral Bajatama (BAJA). Regional markets such as Hang Seng recorded a slight 0.09 percent increase in index to 23,055.30 points with Nikkei-225 index up 0.80 percent to 14,150.38 points and that of Straits Times rising 0.51 percent to 3,171.88 points. Meanwhile, rupiah gained against the US dollar in the first minutes of trading on Thursday. The currency opened at the level of 11,190 gaining from 11,213 per dollar earlier. "The partial US government shutdown has weakened the dollar facing other world currencies including rupiah, chief researcher of Trust Securities, Reza Priyambada said. Positive Indonesian economic data published early this month added to the strength of rupiah, he said. However, he said the US government shutdown carries big risk to be faced by the global economy, adding the condition could make assets of developing economies lost part of the value. Samuel Sekuritas` economist Rangga Cipta said Bank Indonesia had again launched a new policy to attract foreign investors. In order to reduce demand for foreign exchange in the spot market BI has issued additional regulation on derivative instruments.