Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened higher on Thursday on investors buying share falling in price on Wednesday , analysts said.
Asjaya Indosurya Securities' analyst William Suryawijaya said the market players began to buy shares falling in price on Wednesday driving the JCI higher on Thursday.
The index of the Indonesian Stock Exchange (BEI) rose 9.83 points or 0.18 percent to 5,457.89 points with index of 45 most liquid stocks up 0.26 percent to 949 points.
"After the correction, investors began to accumulate shares especially with foreign funds continuing to flow into the domestic market," William said. He said as long as positive expectation is strong on the country's economic fundamentals the JCI is potential to continue to grow . He predicted that the BEI index would hover around 5,389-5,513 points on Thursday.
Meanwhile, technical analysts of Mandiri Sekuritas Hadiyansyah said that in short term , the rising trend still continues sustained by the plantation and banking sectors.
Regional markets such as Hang Seng and Straits Times recorded a decline in index but Nikkei recorded gain. (WDY)
