Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Monday opened up by 11.91 points to follow the stock markets in Asia .
BEI index opened up 11.91 points, or 0.25 percent, to 4712.12 , while the index of 45 leading shares ( LQ45 ) rose 3.09 points ( 0.39 percent ) to a level of 792.12 .
" The majority of Asian stock markets moved higher this morning , a situation that encourages Indonesian stocks extended gains , " said the Head of Research of the Trust Securities , Reza Priyambada on Monday .
However, he added , taking sentiment in the country is still shadowing the Indonesian stock market . Hopefully, the sentiment of the domestic bond market can still give a boost to the equity market so BEI index remained in positive territory .
" Market participants are expected to remain cautious , limit speculative transactions to reduce potential losses , " he said .
He added that some of the economic data that will be a concern this week among the data of Japanese bonds , index of Chinese manufacturing , and manufacturing data Euro countries .
Head of Research Valbury Securities , Alfiansyah added factor of the Ukrainian crisis is still an obstacle for the rate of movement of the global stock indices , including the index IDX .
Moreover , he added , the negative of the other external factors related to concerns that China's economic slowdown is difficult to achieve expansion targets this year .
Regional exchanges , including the Hang Seng index rose 213.29 points ( 0.99 percent) to 21649.99 , the Nikkei rose 167.04 points ( 1.17 percent ) to a level of 14388.26 and Straits Times gained 27.97 points ( 0.91 percent ) to 3101.36 position .
The rupiah traded among banks in Jakarta on Monday morning 25 points to move higher than the previous position Rp11.439 Rp11.414 per U.S. dollar .
" In general, the rupiah is still in a strengthening trend . From the technical side , the movement of the exchange rate pressure out of the area , " said an analyst at Monex Investindo Futures , Zulfirman Basir on Monday .
From the fundamental side , he added , investors' optimism projection Indonesian economy ahead of elections next April is still positive so that it can provide the impetus for the rupiah to remain in the area of reinforcement .
However, according to Zulfirman Basir , the rupiah may be moved horizontally following the money market players are still cautious policy towards the U.S. central bank ( the Fed ) will return and reduce financial stimulus signals Fed rate hike .
"The rupiah is expected to move in the range of Rp11.340 - Rp11.420 per U.S. dollar for Monday , " he said .
Meanwhile , Head of Research Securities Trust Reza Priyambada said market players were cautious to respond to low Indonesian growth forecast by the World Bank at the level of 5.3 percent , or below the Indonesian government estimates .
On the other hand , he added , the euphoria of one of the figures are also likely candidates for President has begun to subside in the domestic financial market .
" Previously , the euphoria of the strong domestic political sentiment in the financial markets of Indonesia, but it tends to be short term , " he said .
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