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Tuesday, January 28, 2014

Jakarta Composite Index rose 14.27 points opened as regional exchanges



Jakarta Composite Index rose 14.27 points opened as regional exchanges

 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Wednesday opened up 14.27 points, or 0.33 percent to 4355.93 , in line with regional market movements .

While the index of 45 leading shares ( LQ45 ) rose 3.68 points ( 0.51 percent ) to a level of 730.93 .

" BEI index rebounded as the strengthening in regional markets and the improving sentiment on the currency and bond markets , " said analyst Samuel Securities , Yualdo Yudoprawiro on Wednesday .

He added that some stocks trade on Tuesday ( 28/1 ) to move higher , estimated to berelanjut like cement sector , property , consumer , and banking .

" It is estimated BEI index will move to a level of 4,375 points for today ( 29/1 ) , " he said .

Meanwhile , Panin Securities analyst , Purwoko said the increase in the index is still overshadowed worries happen BEI cutting plan stimulus by the Fed and slowing growth in China .

" The Fed will start a two-day meeting to determine policy tapering , " he said .

He estimates the BEI index will still move easily changed with the trend to continue strengthening limited in the range of 4320-4360 points on Wednesday.

Regional exchanges , including the Hang Seng index rose 205.25 points ( 0.93 percent) to 22165.89 , the Nikkei rose 260.79 points ( 1.74 percent ) to a level of 15240.55 and Straits Times fell 12.15 points ( 0.40 percent ) to 3049.34 position .

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