Jakarta (ANTARA News) - The Composite Stock Price Index of the Indonesian Stock Exchange on Friday went up 45.29 points as investors took advantage of previously depressed stocks.
The Composite Stock Price Index (CSPI) IDX went up 45.29 points or 0.68 percent, to 6,660.61, while the group of 45 leading stocks or LQ45 index moved up 8.52 points (0.76 percent) to 1,126.36.
"Strong national economic fundamentals are one of the factors driving investors back to accumulate buying on weaker stocks," Binaartha Securities analyst Reza Priyambada said here on Friday.
He further stated that the shares of the telecommunications sector, the cement base industry and some second-tier stocks are the driving force for the CSPI to return to the positive area this weekend.
He added that foreign investors are also buying, which boosted the CSPI. Based on the data from the IDX, foreign investors booked the foreign net buy in the domestic stock market of Rp731.54 billion on Friday (26/1).
Meanwhile, there were 431,907 trade transactions with the total of 12.430 billion shares worth 10.252 trillion Rupiah.
A total of 209 shares rose, 148 stocks declined, and 121 shares did not move in value.
Regional exchanges, among others, the Nikkei stock index, fell 37.61 points (0.16 percent) to 23,631.88, the Hang Seng index rose 499.67 points (1.53 percent) to 33,154.12 and the Straits Times went down 5.48 points (0.15 percent) to the position of 3,567.14.
Source: ANTARA News