Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened slightly high on Tuesday on positive external sentiment, analysts said.
The index of the Indonesian Stock Exchange (BEI) rose 6.29 points or 0.12 percent to 5,191.25 points with index of 45 most liquid stocks up 0.18 percent to 885.40 points.
Head of Research of Valbury Asia Securities Alfiansyah said the European Central Bank (ECB) is expected to use the asset buying instrument - 'quantitave easing' (QE) to ward off deflation.
He said the annual inflation of the ECB member countries is predicted to decline to 0.3 percent in August from 0.4 percent in July , much lower the the ECB target of 2 percent.
Meanwhile, there is almost no domestic sentiment after the presidential election, he said.
"The market will react more to external sentiment amid the absence of domestic sentiment. The JCI is expected to be mixed with tendency to rise slightly," katanya.
Asjaya Indosurya Securities' analyst William Surya Wijaya said there would limited changers in share prices.
"Long term investment in share is expected to gain but short term investment would need to be more selective in buying shares," William said
Regional markets such as Hang Seng and Nikkei recorded a decline ion index but Straits Times recorded gain.
Meanwhile rupiah lost value in interbank transaction against the US dollar in the opening trade.
Rupiah traded at the level of 11,710 per US dollar weakening slightly from the previous level of 11,707 per dollar.
"Increase in the US central bank interest rate still sustains the dollar rise over the majority of global currencies including rupiah," Rully Nova, a financial market observer from Bank Himpunan Saudara.
He said this week demand for dollar would still dominate transaction in the market. (WDY)
COPYRIGHT © ANTARA News Bali 2014
The index of the Indonesian Stock Exchange (BEI) rose 6.29 points or 0.12 percent to 5,191.25 points with index of 45 most liquid stocks up 0.18 percent to 885.40 points.
Head of Research of Valbury Asia Securities Alfiansyah said the European Central Bank (ECB) is expected to use the asset buying instrument - 'quantitave easing' (QE) to ward off deflation.
He said the annual inflation of the ECB member countries is predicted to decline to 0.3 percent in August from 0.4 percent in July , much lower the the ECB target of 2 percent.
Meanwhile, there is almost no domestic sentiment after the presidential election, he said.
"The market will react more to external sentiment amid the absence of domestic sentiment. The JCI is expected to be mixed with tendency to rise slightly," katanya.
Asjaya Indosurya Securities' analyst William Surya Wijaya said there would limited changers in share prices.
"Long term investment in share is expected to gain but short term investment would need to be more selective in buying shares," William said
Regional markets such as Hang Seng and Nikkei recorded a decline ion index but Straits Times recorded gain.
Meanwhile rupiah lost value in interbank transaction against the US dollar in the opening trade.
Rupiah traded at the level of 11,710 per US dollar weakening slightly from the previous level of 11,707 per dollar.
"Increase in the US central bank interest rate still sustains the dollar rise over the majority of global currencies including rupiah," Rully Nova, a financial market observer from Bank Himpunan Saudara.
He said this week demand for dollar would still dominate transaction in the market. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2014