Jakarta (Antara Bali) - The Jakarta composite index JCI opened slightly higher on Thursday boosted by positive global sentiment, analysts said.
The index of the Indonesian Stock Exchange (BEI) edged up 0.37 point or 0.01 percent to 5,215.64 points with index of 45 most liquid stock up 0.01 percent to 902.91.
"Most markets are still concerned with the impact of oil price fall. The trend is expected to continue for the next 6 months with surplus in supply," Head of Research of Valbury Asia Securities Alfiansyah said.
However, there was positive global sentiment with expectation of stimulus of bond buying program of the European Central Bank (ECB), he said.
He said the JCI could still rise with positive sentiment from the rupiah strengthening this week.
Regional markets such as Hang Seng and Straits Times opened higher but Nikkei recorded a decline in index.
Meanwhile, rupiah in interbank transaction on Thursday morning gained against the US dollar, trading at the level of 12,436 from 12.476 per dollar earlier.
"Rupiah together with other Asian currencies extended gain after the quantitative easing by the ECB with its bond buying program," economist from Samuel Sekuritas Rangga Cipta said.
Rangga said investors are enthusiastic with the plan of ECB to increase liquidity in the euro zone.
"Rupiah could still gain more strength but it is necessary to be ready for a reversal, if ECB decided not up to expectation. Investors have high expectation," he said.
He said ECB is expected to announce an aggressive stimulus decision on Thursday to prop up the European economy.
Financial observer from Bank Himpunan Saudara Rully Nova said Japan Central Bank (BOJ) which maintains its plan to monetary stimulus contributed to strengthening rupiah.
BOJ's step to meet Japan's inflation target of 2 percent strengthened the yen as well as other regional currencies including rupiah against the US dollar.
In addition profit taking by dollar investors strengthened rupiah, Tully said.
However, he warned rupiah strengthening is not expected to last long as the country's still suffers deficit in its trade and current account balances.
"In mid to long terms term, the rupiah position will still depend much on the performance of the trade and current account balacnes," he said. (WDY)
COPYRIGHT © ANTARA News Bali 2015
The index of the Indonesian Stock Exchange (BEI) edged up 0.37 point or 0.01 percent to 5,215.64 points with index of 45 most liquid stock up 0.01 percent to 902.91.
"Most markets are still concerned with the impact of oil price fall. The trend is expected to continue for the next 6 months with surplus in supply," Head of Research of Valbury Asia Securities Alfiansyah said.
However, there was positive global sentiment with expectation of stimulus of bond buying program of the European Central Bank (ECB), he said.
He said the JCI could still rise with positive sentiment from the rupiah strengthening this week.
Regional markets such as Hang Seng and Straits Times opened higher but Nikkei recorded a decline in index.
Meanwhile, rupiah in interbank transaction on Thursday morning gained against the US dollar, trading at the level of 12,436 from 12.476 per dollar earlier.
"Rupiah together with other Asian currencies extended gain after the quantitative easing by the ECB with its bond buying program," economist from Samuel Sekuritas Rangga Cipta said.
Rangga said investors are enthusiastic with the plan of ECB to increase liquidity in the euro zone.
"Rupiah could still gain more strength but it is necessary to be ready for a reversal, if ECB decided not up to expectation. Investors have high expectation," he said.
He said ECB is expected to announce an aggressive stimulus decision on Thursday to prop up the European economy.
Financial observer from Bank Himpunan Saudara Rully Nova said Japan Central Bank (BOJ) which maintains its plan to monetary stimulus contributed to strengthening rupiah.
BOJ's step to meet Japan's inflation target of 2 percent strengthened the yen as well as other regional currencies including rupiah against the US dollar.
In addition profit taking by dollar investors strengthened rupiah, Tully said.
However, he warned rupiah strengthening is not expected to last long as the country's still suffers deficit in its trade and current account balances.
"In mid to long terms term, the rupiah position will still depend much on the performance of the trade and current account balacnes," he said. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015