TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (ISX) closed higher by 35,36 points on Thursday, up 0,71 percent to 4,993.87 points, following vibrant economic performances in the region.
The Top 45 (LQ45) Index went up by 7,02 points or 0,83 percent to 844,39 points.
An analyst for HD Capital, Yuganur Wijanarko, said that the positive market movements in the region is fuelling the gains of the ISX. Subsiding domestic political pressure is also pushing some investors to buy back some of the shares they sold during the height of instability.
"We see that the regional markets are performing well, and the Rupiah is also responding positively to the subsiding political turbulence. All we have to do is wait for the Index to recover," said Wijanarko.
Another analyst for Asjaya Indosurya Securities, William Surya Wijaya, said that there is a possibility that the ISX may rally on Friday, October 10, 2014 towards a resistance level of 5,068 points.
"There is enough boost to support the Indexes' uptrend," said William.
ISX records for today show that in 189,509 transactions, 3,14 billion shares were sold with a capitalisation of Rp3,46 trillion. 207 shares in the Index gained, while 95 lost, and 97 remained stagnant.
Meanwhile across Asia, the Hang Seng Index went up by 271,20 points or 1,17 percent to 23,534.53 points, while the Nikkei slid by 117,05 points or 0,75 percent to 15,478.93 points. The Singapore Straits Times Index went up by 32,54 points or 1,01 percent to 3,259.25 points.