ID :
78182
Thu, 09/03/2009 - 14:10
Auther :
Shortlink :
https://www.oananews.org//node/78182
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BEI INDEX OPENS HIGHER EARLY THURSDAY
Jakarta, Sept. 3 (ANTARA) - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) opened slightly higher as investors bought shares in large amounts.
The BEI index went up 22.886 points or 0.99 percent to 2,308.715 points and the LQ-45 index surged 1.02 percent or 4.544 points to 448.931 points.
Despite Wall Street losses, investors were encouraged to buy shares because the share prices were rather low following Indonesian stock losses due to regional bourse fall, Alfiansyah, a stock broker of PT Sinarmas Securities, said here on Thursday.
"We bought the shares because of their low prices, such as the Bakrie group and bank shares," he said.
Domestic capital market observer Herry Kurniawan said investors hunted Bakrie and Astra shares which had depreciated over the past few days.
However, he was optimistic that the BEI index would strengthen further as the market sentiment tended to be positive.
Astra Agro Lestari shares jumped Rp350 to Rp20,600 per share, Indah Tambang Meg shares climbed Rp350 to Rp23,350, and United Tractor shares added Rp150 to Rp13,150 per share.
The rupiah weakened against the US dollar in the Jakarta interbank spot market here on Thursday morning as investors released the local currency following regional market slump.
The Indonesian currency traded at Rp10,145-Rp10,160 per US dollar, down 15 points from Rp10,130-Rp10,145 per US dollar at the market's close a day earlier.
The rupiah has fallen since early this week following Wall Street losses, Harry Kurniawan, a domestic money market observer of Pt Makinta Securities, said.
Last Wednesday morning, the IHSG at the BEI opened lower as regional bourses also slumped following Wall Street losses. The BEI Index went down 33.805 points or 1.41 percent to 2,293.908 and the LQ-45 index dropped 6.920 points or 1.59 percent to 445.806 points.
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The BEI index went up 22.886 points or 0.99 percent to 2,308.715 points and the LQ-45 index surged 1.02 percent or 4.544 points to 448.931 points.
Despite Wall Street losses, investors were encouraged to buy shares because the share prices were rather low following Indonesian stock losses due to regional bourse fall, Alfiansyah, a stock broker of PT Sinarmas Securities, said here on Thursday.
"We bought the shares because of their low prices, such as the Bakrie group and bank shares," he said.
Domestic capital market observer Herry Kurniawan said investors hunted Bakrie and Astra shares which had depreciated over the past few days.
However, he was optimistic that the BEI index would strengthen further as the market sentiment tended to be positive.
Astra Agro Lestari shares jumped Rp350 to Rp20,600 per share, Indah Tambang Meg shares climbed Rp350 to Rp23,350, and United Tractor shares added Rp150 to Rp13,150 per share.
The rupiah weakened against the US dollar in the Jakarta interbank spot market here on Thursday morning as investors released the local currency following regional market slump.
The Indonesian currency traded at Rp10,145-Rp10,160 per US dollar, down 15 points from Rp10,130-Rp10,145 per US dollar at the market's close a day earlier.
The rupiah has fallen since early this week following Wall Street losses, Harry Kurniawan, a domestic money market observer of Pt Makinta Securities, said.
Last Wednesday morning, the IHSG at the BEI opened lower as regional bourses also slumped following Wall Street losses. The BEI Index went down 33.805 points or 1.41 percent to 2,293.908 and the LQ-45 index dropped 6.920 points or 1.59 percent to 445.806 points.
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