Jakarta Stocks Open Higher On Friday

 Jakarta (Antara Bali) - The Jakarta composite index rose 0.33 percent  to 5,297.35 points in the opening trade on Friday to follow the global trend.

         The index of the Indonesian Stock Exchange (BEI) rose 17.45 points  with index of 45 most liquid stocks up 0.48 percent to 915.35 points.

         "Oil prices that began to pick up was one of the factors propping up the global market including BEI," Head of Research of  Valbury Asia Securities Alfiansyah  said.

         Greece began negotiations  with the International Monetary Fund (IMF) on plan to replace that country's foreign debt with state bonds  reducing earlier fear of default, Alfiansyah said.

         Domestic sentiment is that Indonesian economy growth is expected to be better this year, he said.

         The government has set economic growth target at 5.7 percent this year and the government has said it is optimistic to meet the target. (WDY)