Jakarta (Antara Bali) - The Indonesian share prices rose on Wednesday with index closing slightly amid investors awaiting the result of the Federal Open Market Committee (POMC) meeting on the Fed benchmark interest rate.
The index of the Indonesian Stock Exchange (BEI) rose 9.62 points or 0.19 percent to 5,035.64 points with index of 45 most liquid stocks up 0.31 percent to 864.79 points.
The FOMC plans to hold a meeting on the Fed benchmark interest rate , but the Fed is not expected to raise its interest rate earlier, Head of Equity Research of Mandiri Sekuritas John Rachmat said here.
The Fed is expected to raise its benchmark interest rate only in mid 2015, therefore, there is a possibility of the BEI index would rise again before the end of this year,John said.
"The BEI index is predicted to rise to as high as 5,350 point by the end of this year," he said.
Meanwhile, Asjaya Indosurya Securities' analyst William Suryawijaya said the rising trend is expected to continue until the close of the year after a sharp fall in that past two days.
"The possibility is that the BEI index would rise sharply that investors would be drawn back to the domestic market," William said.
Trade on Wednesday was marked with 326,805 transactions and 5.43 billion shares worth Rp4.93 trillion changing hands.
Gainers outnumbered decliner sby 177 to 140 shares with 91 shares remaining flat.
Regional markets such as Hang Seng recorded a decline in index with Nikkei and Straits Times recording an increase. (WDY)
COPYRIGHT © ANTARA News Bali 2014
The index of the Indonesian Stock Exchange (BEI) rose 9.62 points or 0.19 percent to 5,035.64 points with index of 45 most liquid stocks up 0.31 percent to 864.79 points.
The FOMC plans to hold a meeting on the Fed benchmark interest rate , but the Fed is not expected to raise its interest rate earlier, Head of Equity Research of Mandiri Sekuritas John Rachmat said here.
The Fed is expected to raise its benchmark interest rate only in mid 2015, therefore, there is a possibility of the BEI index would rise again before the end of this year,John said.
"The BEI index is predicted to rise to as high as 5,350 point by the end of this year," he said.
Meanwhile, Asjaya Indosurya Securities' analyst William Suryawijaya said the rising trend is expected to continue until the close of the year after a sharp fall in that past two days.
"The possibility is that the BEI index would rise sharply that investors would be drawn back to the domestic market," William said.
Trade on Wednesday was marked with 326,805 transactions and 5.43 billion shares worth Rp4.93 trillion changing hands.
Gainers outnumbered decliner sby 177 to 140 shares with 91 shares remaining flat.
Regional markets such as Hang Seng recorded a decline in index with Nikkei and Straits Times recording an increase. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2014