REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) opened 0.11 percent higher on Tuesday morning amid negative external sentiments, analysts said.

The index of the Indonesian Stock Exchange (BEI) rose 5.29 points to 4,847.43 points with index of 45 most liquid stocks gaining 0.30 percent to 820.31 points.

The price of domestic shares have hit the rock bottom prompting investors to buy , Head of Research of Valbury Asia Securities Alfiansyah said.

The condition, getting worse in Iraq could pushed up the oil price higher bringing about more negative sentiment on the domestic market, he said.

Meanwhile the government's plan to raise the electricity tariff next month would pile up more pressure on the BEI, he said.

In addition the electric tariff hike would come in the Islamic fasting month, contributing to increase in the country's inflation, he noted.

Regional markets such as Hang Seng and the Straits Times recorded an increase in index but Nikkei suffered a decline in the opening trade on Tuesday.

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