BEI INDEX UP ON POSSIBLE GOLKAR-DEMOCRATIC PARTIES COALITION

Jakarta, April 20 (ANTARA) - Indonesian stocks were indirectly boosted by reports the Golkar and Democratic parties were planning to coalesce again in setting up a new government.

"Indeed there is speculation that Golkar's approach to the Democratic Party has boosted investors to use the momentum to enter the bourse," Muhammad AL Fatih, an analyst of BNI Securities, said here on Monday afternoon.

Gains at Wall Street in the USA and regional bourses also automatically bolstered the Indonesian Stock Exchange (BEI) index to strengthen.

The Composite Stock Price Index (IHSG) at BEI index surged 4.11 points to 1,638.9 points, with a total transaction value of more than Rp4 trillion.

Among shares that gained included PT Bumi Resorces Tbk (BUMI) shares which added Rp 240 to Rp 1,430 from previously Rp 1,190, PT Bakrie Telecom Tbk (BTEL) shares that advanced Rp 15 to Rp 103, PT Bakrieland Development Tbk (ELTY) shares which rose Rp 19 to Rp 162, PT Energi Mega Persada Tbk (ENRG) shares that jumped Rp 25 to Rp 162, PT Bakrie & Brothers Tbk (BNBR) shares which went up Rp 17 to Rp 93, and PT Bakrie Sumatra Plantation Tbk (UNSP) shares which increased Rp 65 to Rp 520 per share. ***2***