Share Price Index Up

Jakarta (Antara Bali) - The composite share price index of the Indonesian Stock Exchange (BEI) rose in  Friday's morning session to follow the trend in the regional markets.

The index rose 28.56 points or 0.71 percent to  4,033.33 with the index of 45 most liquid stocks (LQ45) up 1.08 percent to 687.96 points.

"Asian markets have continued with the rising trend since yesterday boosted by commitment announced by European Central Bank  (ECB)to curb increase in yields of bonds issued by European Union countries," Christine Salim, analyst from  Samuel Sekuritas, said.

Positive sentiment also came from US economic data showing better than expected progress made in coping with unemployment and durable goods orders, Christine said here today.

Meanwhile, market players  are expecting first half of the year financial reports of issuers such as Astra International (ASII), the country's largest automotive company  and Bank Rakyat Indonesia (BBRI) second largest lender to be relatively in line with estimate.(IGT)