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Jakarta Index Opens Higher on Wednesday

Jakarta (ANTARA News) – The Jakarta composite index (JCI) opened higher on Wednesday as investors began to buy shares following price fall in the past two days.

The index of the Indonesian Stock Exchange (BEI) rose 6.49 points or 0.13 percent to 5,175.55 points with index of 45 most liquid stocks up 0.18 percent to 889.84 points.

Asjaya Indosurya Securities analyst William Suryawijaya said the JCI rose after two days of correction.

“The market players began to buy shares the prices of which have dropped in the past two days,” he said.

The external sentiment, however remained negative with global markets tending to decline and commodity prices falling, he said.

Regional markets such as Hang Seng recorded a decline in index , but Nikkei and Straits posted an increase .

Source : www.antaranews.com, Wednesday 7 January 2015