REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index (JCI) opened 0.18 percent higher on Monday to follow regional trend.
The index of the Indonesian Stock Exchange (BEI) rose 8.66 points to 4,945.84 points from the previous level with the index of 45 most liquid stocks gaining 0.27 percent to 835.90 points, Samuel Sekuritas' analyst Aiza said here on Monday.
"The Asian markets including BEI opened stronger this morning boosted by sentiment of US nonfarm payroll of 217,000 in May , slightly higher than initial estimate of 215,000," he said.
The Japanese Gross Domestic Product and Chinese exports that were higher than expected also contributed to the rise in the Asian share price indexes, Aiza said.
"The condition gave positive speculation to investors to enter the risky markets to follow the signs of economic recovery in advanced countries," he added.
Meanwhile, rupiah also strengthened 0.5 percent against the US dollar on Monday morning to extend gain from last week, he said.
"It is expected that rupiah strengthening and gain recorded by regional markets would push up share prices on the domestic market to keep the JCI in the positive area," he said.
Chief researcher of Trust Securities Reza Priyambada noted some market players still restrain from buying shares that the JCI could not climb toop high.
"The BEI index is not expected to rise too far from the earlier level," Reza said.
Regional markets such as Hang Seng recorded a 0.80 percent fall in index to 23,133.97 points with Nikkei index rising 0.58 percent to 15,164.16 points with that of Straits Times gaining 0.25 percent to 3,307.80 points.