ID :
60407
Wed, 05/13/2009 - 15:53
Auther :
Shortlink :
https://www.oananews.org//node/60407
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BEI INDEX OPENS 1.07 PCT HIGHER EARLY WEDNESDAY
Jakarta, May 13 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) got off to a strong start here on Wednesday morning, as investors hunted for blue chip and small-cap shares aggressively.
The BEI index jumped 19.760 points or 1.07 percent to 1,860.868 points and the LQ-45 index gained 2.880 points or 0.80 percent to 361.780 points.
The transactions at the BEI were very active as investors bought a large amount of blue chip and small-cap shares, Ahmad Riyadi, a stock broker of PT Millinium Danatama Securities, said here on Wednesday.
The share purchases boosted the BEI index to surge significantly by 1.07 percent, he said.
He estimated that the IHSG might approach the figure of 1,900 points as the market's positive sentiment was growing.
"We are optimistic that the BEI index could reach nearly 1,900 points, thanks to the active transactions by investors at the Indonesian bours," he said.
A main factor which bolstered the Indonesian stocks was the decision of Bank Indonesia (BI, the country's central bank) to cut its BI Rate by 25 basis point to 7.25 percent from 7.50 percent, which reflected that the national economy was sound.
Indonesia's economy was considered of having been growing faster than other Asian countries, except China and India, and managed to deal with the global financial crisis, he said.
Therefore, investors had confidence in investing their funds in the domestic stock market, which also helped the country's economic grew better, he said.
Astra International shares gained Rp400 to Rp18,800, United Tractor shares jumped Rp300 to Rp9,250, Gudang Garam shares rose Rp300 to Rp8,400 per share, and dan Indah Kiat & Pulp shares advanced Rp100 to Rp1,900 per share.
Bumi Resources share added Rp100 to Rp4.525, Bukit Asam shares increased Rp50 to Rp10.500, and BRI shares went up Rp50 to Rp5,900 per share. ***
The BEI index jumped 19.760 points or 1.07 percent to 1,860.868 points and the LQ-45 index gained 2.880 points or 0.80 percent to 361.780 points.
The transactions at the BEI were very active as investors bought a large amount of blue chip and small-cap shares, Ahmad Riyadi, a stock broker of PT Millinium Danatama Securities, said here on Wednesday.
The share purchases boosted the BEI index to surge significantly by 1.07 percent, he said.
He estimated that the IHSG might approach the figure of 1,900 points as the market's positive sentiment was growing.
"We are optimistic that the BEI index could reach nearly 1,900 points, thanks to the active transactions by investors at the Indonesian bours," he said.
A main factor which bolstered the Indonesian stocks was the decision of Bank Indonesia (BI, the country's central bank) to cut its BI Rate by 25 basis point to 7.25 percent from 7.50 percent, which reflected that the national economy was sound.
Indonesia's economy was considered of having been growing faster than other Asian countries, except China and India, and managed to deal with the global financial crisis, he said.
Therefore, investors had confidence in investing their funds in the domestic stock market, which also helped the country's economic grew better, he said.
Astra International shares gained Rp400 to Rp18,800, United Tractor shares jumped Rp300 to Rp9,250, Gudang Garam shares rose Rp300 to Rp8,400 per share, and dan Indah Kiat & Pulp shares advanced Rp100 to Rp1,900 per share.
Bumi Resources share added Rp100 to Rp4.525, Bukit Asam shares increased Rp50 to Rp10.500, and BRI shares went up Rp50 to Rp5,900 per share. ***
