IHSG closes stronger over weekend on positive Asian markets

Jakarta, (ANTARA News) - The Jakarta composite index (IHSG) closed stronger over the weekend, as the Asian stock markets showed positive developments.

The index of the Indonesian Stock Exchange (BEI) rose 56.54 points, or 0.88 percent, to 6,499.88. The index of 45 most liquid stocks, or LQ45 increased 12.07 points, or 1.2 percent, to 1,018.17.

Analyst William Hartanto of Panin Sekuritas said market sentiments on Friday were still fueled by issuers financial statements.

He predicted the IHSG would continue to strengthen early next week.

"In spite of no new sentiments, except financial statements, investors may focus on finding issuers which recorded a growth of above 20 percent and that their shares will strengthen on the date when the data was released or the day before," he said.

After the IHSG opened higher, it continued to stay in the green zone throughout the day until the closing of the stock exchange.

The closure of the IHSG was accompanied by investors net foreign selling of Rp510.23 billion.

Trade frequency was recorded with 401,356 transactions and 11.09 billion shares worth Rp7.86 trillion changing hands. There were 218 gainers as against 173 decliners and 143 shares unchanged.

The Asian regional markets, such as Nikkei index, rose 217.53 points, or 1.02 percent, to 21,602.69; Hang Seng strengthened 178.99 points, or 0.63 percent, to 28,812.17; and Strait Times increased 7.7 points, or 0.24 percent, to 3,220.04.

Source: Antara News

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