REPUBLIKA.CO.ID, JAKARTA -- The Indonesian Composite Index (JCI) performed a sharp correction last week. Many domestic investors take this situation to buy more shares released by foreign investors.

"Domestic investors are currently more bold to re-position foreign investors. JCI is now at level of 4,900, just like a midnight sale to domestic investors," Economic analyst of Samuel Securities, Lana Soelistianingsih said recently.

According to her, domestic investors are still able to buy more shares up to level of 5,000-5,200. It needs a strong factor to achieve it, such as supports for conditional improvement of regional index and the certainty of the Fed rate.

"Unfortunately, the certainty of the Fed rate hike is still confusing. Yellen only said that she would look at the situation first. It trigger the speculation," Soelistianingsih added.

JCI can rebound after a sharp correction last week, but it will be only technical rebound. It happens in two days despite political condition that has not been conducive. She assessed that market investors had anticipated the election of Chairman of People's Consultative Assembly (MPR). Moreover, the role of MPR chairman also no longer dominates government's decision.

"So this condition is neutral for investors," he added.

For short term condition, JCI can improve after the inaguration of the new government due to optimism.

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