Jakarta Composite Index Opens Higher

Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened higher on Wednesday on US and European sentiments, analysts said.

The index of the Indonesian Stock Exchange (BEI) rose 8.91 points of 0.16 percent to 5,426.22 points  with index of 45 most liquid stocks up 0.24 percent to 946.71 points.

"Positive external sentiments  have again the main factors pushing up the JCI," Head of Research of  Valbury Asia Securities Alfiansyah said .

He said the testimony of  the Fed Governor Janet Yellen indicated increase in interest rate would not come sooner as expected  following optimism  in the  US economic recovery.

"There is still concern about labor market in the United States , inflation below target  and energy price fall," he said.

Meanwhile, Samuel Sekuritas' analyst Tiesha Narandha Putri  said the JCI extended gain amid  expectation of improvement of financial reports of listed companies in the last quarter of 2014. (WDY)