ID :
55970
Fri, 04/17/2009 - 14:25
Auther :
Shortlink :
https://www.oananews.org//node/55970
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BEI INDEX OPENS 0.62 PCT HIGHER FRIDAY MORNING
Jakarta, April 17 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) got off to a strong start here on Friday morning as investors still hunted bank and mining companies' blue chip shares.
The BEI index opened 10.103 points or 0.62 percent higher at 1,635.30, and the LQ-45 index surged 2.035 points or 0.16 percent to 325.324.
Investors continued buying shares thanks to the inflow of a huge amount of foreign funds into the Indonesian capital market, Ahmad Riyadi, a stock market broker of PT Millennium Danatama Securities, said here on Friday.
The foreign funds entering the domestic stock market boosted share transactions to 3,817 shares valued at a total of Rp1.172 trillion, he said.
However, he was worried that the continued gains of the Indonesian stocks until this weekend could trigger profit-taking actions late Friday morning.
"We predict profit-taking actions because share prices are quite high," he said.
The euphoria following the smooth implementation of the legislative elections on April 9, 2009, and a short-term outflow of foreign capital were the main factors bolstering share trading at the BEI, he said.
"We are optimistic that the BEI index will pass the level of 1,700 points if the favorable market conditions continue until the next weekend," he said.
Shares which gained, included BRI shares that surged Rp200 to Rp5,200, automotive company Astra International shares which rose Rp150 to Rp16,000, Astra Agro Lestari shares that jumped Rp150 to Rp15,350, United Tractor shares that went up to Rp7,950, and Indo Tambang Raya Mega Tbk shares that added Rp200 to Rp15,250 per share.
Meanwhile, the rupiah traded at Rp10,675/10,700 per US dollar, up 25 points from Rp10,700/10,735 at the market's close a day earlier.
The BEI index opened 10.103 points or 0.62 percent higher at 1,635.30, and the LQ-45 index surged 2.035 points or 0.16 percent to 325.324.
Investors continued buying shares thanks to the inflow of a huge amount of foreign funds into the Indonesian capital market, Ahmad Riyadi, a stock market broker of PT Millennium Danatama Securities, said here on Friday.
The foreign funds entering the domestic stock market boosted share transactions to 3,817 shares valued at a total of Rp1.172 trillion, he said.
However, he was worried that the continued gains of the Indonesian stocks until this weekend could trigger profit-taking actions late Friday morning.
"We predict profit-taking actions because share prices are quite high," he said.
The euphoria following the smooth implementation of the legislative elections on April 9, 2009, and a short-term outflow of foreign capital were the main factors bolstering share trading at the BEI, he said.
"We are optimistic that the BEI index will pass the level of 1,700 points if the favorable market conditions continue until the next weekend," he said.
Shares which gained, included BRI shares that surged Rp200 to Rp5,200, automotive company Astra International shares which rose Rp150 to Rp16,000, Astra Agro Lestari shares that jumped Rp150 to Rp15,350, United Tractor shares that went up to Rp7,950, and Indo Tambang Raya Mega Tbk shares that added Rp200 to Rp15,250 per share.
Meanwhile, the rupiah traded at Rp10,675/10,700 per US dollar, up 25 points from Rp10,700/10,735 at the market's close a day earlier.
