ID :
70428
Tue, 07/14/2009 - 22:01
Auther :
Shortlink :
https://www.oananews.org//node/70428
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BEI INDEX STARTS HIGHER TUESDAY
Jakarta, July 14 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Tuesday opened 1.19 percent higher as investors bought shares on regional and global bourses' gains.
The BEI index went up 24.27 points or 1.19 percent to 2,044.164 and the LQ-45 index advanced 5,348 points or 1.36 percent to 398/247.
Hary Kurniawan, an analyst of PT Bapindo Bumi Sekuritas said here on Tuesday that the BEI index surge was supported by mainly technical factor.
Investors were actually watching the new cabinet line-up expected to be announced in the near future, especially on the would-be finance minister to be appointed, he said.
According to him, investors were worried that Sri Mulyani might not be reappointed finance minister as she was reportedly to be named new Bank Indonesia (BI) governor.
Investors wanted to know who would be the next finance minister.
According to him, the BEI index surged also thanks to short-term trading.
The BEI index had earlier tumbled more than 60 points due to investors' excessive worries.
The BEI index surged also because of gains in regional and Wall Street bourses, he said.
Among the shares that gained were cigarette company Gudang Garam that climbed Rp150 to Rp12,150, Astra Agro Lestari that surged Rp150 to Rp16,150, Astra Internasional that added Rp150 to Rp25,150 and BRI that went up Rp100 to Rp6,500 per share.
Besides, Bukit Asam jumped Rp50 to Rp11,000, PN Gas added Rp50 to Rp3,400 and Bank Danamon surged Rp75 to Rp4,475 per share.
The rupiah tumbled 20 points at the Jakarta interbank spot market here early Tuesday.
The Indonesian currency traded at Rp10,200/10,210 per US dollar, down 20 points from Rp10,180-Rp10.190, as investors released the local unit to take profits after the rupiah rallied to below the level of Ro10,150 per US dollar.
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The BEI index went up 24.27 points or 1.19 percent to 2,044.164 and the LQ-45 index advanced 5,348 points or 1.36 percent to 398/247.
Hary Kurniawan, an analyst of PT Bapindo Bumi Sekuritas said here on Tuesday that the BEI index surge was supported by mainly technical factor.
Investors were actually watching the new cabinet line-up expected to be announced in the near future, especially on the would-be finance minister to be appointed, he said.
According to him, investors were worried that Sri Mulyani might not be reappointed finance minister as she was reportedly to be named new Bank Indonesia (BI) governor.
Investors wanted to know who would be the next finance minister.
According to him, the BEI index surged also thanks to short-term trading.
The BEI index had earlier tumbled more than 60 points due to investors' excessive worries.
The BEI index surged also because of gains in regional and Wall Street bourses, he said.
Among the shares that gained were cigarette company Gudang Garam that climbed Rp150 to Rp12,150, Astra Agro Lestari that surged Rp150 to Rp16,150, Astra Internasional that added Rp150 to Rp25,150 and BRI that went up Rp100 to Rp6,500 per share.
Besides, Bukit Asam jumped Rp50 to Rp11,000, PN Gas added Rp50 to Rp3,400 and Bank Danamon surged Rp75 to Rp4,475 per share.
The rupiah tumbled 20 points at the Jakarta interbank spot market here early Tuesday.
The Indonesian currency traded at Rp10,200/10,210 per US dollar, down 20 points from Rp10,180-Rp10.190, as investors released the local unit to take profits after the rupiah rallied to below the level of Ro10,150 per US dollar.
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