ID :
68233
Mon, 06/29/2009 - 15:01
Auther :
Shortlink :
https://www.oananews.org//node/68233
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BEI INDEX OPENS SLIGHTLY HIGHER EARLY MONDAY
Jakarta, June 29 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Monday morning started 0.22 percent higher as investors hunted for small-cap shares.
The BEI index went up 4.480 points or 0.22 percent to 2,035.484 points, and the LQ-45 surged 1.273 points or 0.32 percent to 395.543 points.
The Indonesian stocks were bolstered by investors' purchases of small-cap shares, according to Alfiansyah, stock exchange analyst of PT Sinarmas Securities, here on Monday.
However, the value of the small-cap share hunt was not big, and therefore, the BEI index's rise was relative small, he said.
He predicted that the BEI index would continue to clime in the morning trading session, because investors tended to buy mo small-cap shares.
Among small-cap shares on demand were banking, mineral water industry, gas, and telecommunication, he said.
Bank Danamon shares jumped Rp175 to Rp4,825 per share, state-owned bank BRI shares gained Rp50 to Rp3,400, Bank BCA shares went up Rp25 to Rp3,575, and BNI shares rose Rp10 to Rp1,700 per share.
BUMU shares surged Rp20 to Rp1,900, Ades shares advanced Rp10 to Rp620, and state Gas company shares added Rp25 to 3,175 per share.
Investors currently waited for the banking sector to adjust its interest rate, especially credit interest rate, following the decision of Bank Indonesia (BI, the country's central bank) to cut its BI Rate.
BI Rate might be further lowered if the June 2000 inflation rate was better than that in the previous month, he said.
The improving national economic growth in the second semester of 2009 was the main factor which encouraged the business community to look for bank credits when they low their interest rate, which is currently still considered quite high, he said.
Therefore, investors are still waiting to the banking policy to adjust their interest rate soon, according to him.
***2***
The BEI index went up 4.480 points or 0.22 percent to 2,035.484 points, and the LQ-45 surged 1.273 points or 0.32 percent to 395.543 points.
The Indonesian stocks were bolstered by investors' purchases of small-cap shares, according to Alfiansyah, stock exchange analyst of PT Sinarmas Securities, here on Monday.
However, the value of the small-cap share hunt was not big, and therefore, the BEI index's rise was relative small, he said.
He predicted that the BEI index would continue to clime in the morning trading session, because investors tended to buy mo small-cap shares.
Among small-cap shares on demand were banking, mineral water industry, gas, and telecommunication, he said.
Bank Danamon shares jumped Rp175 to Rp4,825 per share, state-owned bank BRI shares gained Rp50 to Rp3,400, Bank BCA shares went up Rp25 to Rp3,575, and BNI shares rose Rp10 to Rp1,700 per share.
BUMU shares surged Rp20 to Rp1,900, Ades shares advanced Rp10 to Rp620, and state Gas company shares added Rp25 to 3,175 per share.
Investors currently waited for the banking sector to adjust its interest rate, especially credit interest rate, following the decision of Bank Indonesia (BI, the country's central bank) to cut its BI Rate.
BI Rate might be further lowered if the June 2000 inflation rate was better than that in the previous month, he said.
The improving national economic growth in the second semester of 2009 was the main factor which encouraged the business community to look for bank credits when they low their interest rate, which is currently still considered quite high, he said.
Therefore, investors are still waiting to the banking policy to adjust their interest rate soon, according to him.
***2***
