Jakarta Share Price Up

Jakarta, Aug 14 (ANTARA) - The composite share price index of the Indonesian Stock Exchange (BEI) rose 0.35 percent in the opening trade this morning . "The index tended to follow the trend in the majority of regional markets which rose slightly after the Japanese central bank announced possible monetary stimulus to improve the Japanese economy," Samuel Sekuritas analysts Christine Salim said here on Tuesday. The BEI index gained 14.36 points to 4,116.89 to follow the trend in regional markets. The index of 45 most liquid stocks (LQ45) strengthened 3.65 points or 0.52% to 709.68. Christine said the market also is anticipating the European Union to release its second quarter`s GDP data today with expectation of a 0.2 percent contraction. She said the BEI index will follow the regional trend as there is minimum domestic market sentiments to help prop up the index. However, the Central Bank`s plan to regulate the down payments for housing and motor vehicle purchased with sharia bank credits is expected to serve as a negative sentiment for the banking sector. Panin Sekuritas analyst Purwoko Sartono predicted the BEI index will fluctuate and tended to weaken to hover around 4,070-4,120 points.