Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) opened Wednesday rose by 13.27 points, driven by foreign stock market players who returned to action to buy .
BEI index opened up 13.27 points, or 0.27 percent, to 4883.49 . While the index of 45 leading shares ( LQ45 ) rose 3.45 points ( 0.42 percent ) to a level of 826.54 .
" Market participants are still foreign entry into the market , showed that the BEI index rose strength has not diminished , " said Asjaya Indosurya Securities analyst William Surya Wijaya on Wednesday .
From the technical side , he added , the potential for continued strengthening of the BEI index is still large enough to break the upper limit of 4,903 points .
" BEI index is expected to remain able to maintain the trend pattern gains . On Wednesday , the BEI index is expected to move in the range of 4852-4933 points , " he said .
Meanwhile , Team Technical Analyst Mandiri Securities said in its study that the easing of political risk post-election legislative push investors back into the Indonesian capital market .
" In the short term the index is still moving mixed to up . Today BEI index will still be in the range of 4858-4888 points , " he said .
Regional exchanges , including the Hang Seng index rose 170.17 points ( 0.75 percent) to 22841.43 , the Nikkei rose 302.82 points ( 2.16 percent ) to a level of 14299.63 and Straits Times gained 9.20 points ( 0.28 percent ) to 3255.26 position .
The rupiah traded at Jakarta interbank moved lower on Wednesday morning by four points to Rp11.431 than ever in a position Rp11.427 per U.S. dollar .
" The political situation remains uncertain financial market participants attention in domestic currency tends to fluctuate so weak , " said analyst Bank Money Market Association of Civil Rully Nova on Wednesday .
According to him , the money market is still waiting for confirmation of the upcoming Presidential candidate , and market participants will determine the next step in investing .
" In this phase of the rupiah will tend to move in a limited range , " he said .
In terms of fundamentals , Rully Nova added that the currency may still appreciate in line with Indonesia's economic fundamentals are still strong .
" Inflation is still awake , and Indonesia experienced a trade balance surplus , although the trend is still recorded in accumulated deficit , " he said .
Head of Research at Trust Securities Priyambada Reza added that the persistence of the flow of foreign funds into the domestic financial market will be able to make a move rupiah reversed into positive territory .
" Foreign funds are coming into the market to make a move up the rate of the rupiah against the U.S. dollar , " he said
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