REPUBLIKA.CO.ID, JAKARTA -- The Jakarta composite index opened slightly higher on Wednesday (14/1) on positive sentiment from Asian Development Bank's projection of the country's economic development.

The index of the Indonesian Stock Exchange edged up 2.84 points or 0.05 percent to 5,217.20 points with index of 45 most liquid stocks up 0.08 percent to 898.27 points.

Head of Research of Valbury Asia Securities Alfiansyah said ADB's prediction that the country's economy would grow 5.6 percent in 2015, served a positive sentiment to the market.

ADB President Takehiko Nakao, who was on a visit here on Tuesday also pledged a new loan assistance of US$1.5 billion in 2015 to back up the process of reform in various sectors launched by the government.

The loan is larger than US$550 million in 2014 as ADB wanted to help acceleration of development projects delayed last year, Nakao said.

PT Asjaya Indosurya Securities' analyst William Suryawijaya said extended gain on Wednesday to follow trend in regional and global markets.

"In short term the BEI index would still be in the rising trend and any correction would prompt market players to accumulate shares buying," William said.

Regional markets such as Hang Seng and Straits Times recorded gain but Nikkei recorded a decline in index.

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