TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went up by 9.92 points or 0.19 percent at the start of Thursday trading session to commence trading at 5,263.31 points, while the Top 45 (LQ45) Index similarly climbed by 2.52 points or 0.28 percent to open at 915.48 points.
"Technical factors are driving the JCI's uptrend, which had previously depreciated on Wednesday," said the head of research for NH Korindo Securities Indonesia, Reza Priyambada, in Jakarta on Thursday.
Furthermore, according to Reza, the JCI is also helped by the uptrend experienced by the American and European bourses, which drove investors to return to selectively accumulate shares that had dropped in value on the previous trading session.
"The JCI is expected to hover between the 5,246-5,320 points throughout Thursday's session," said Reza.
The head of research for Valbury Asia Securities, Alfiansyah, added that the Index was also receiving some degree of positive boost from the global market as Greece inched closer towards inking a final bailout deal with its creditors, which would help it with its sovereign debt crisis.
It is known that Greek Prime Minister Alexis Tsipras has said that Greece has made some headway in the negotiations, which will positively impact its national economy.
"The JCI is also helped by the appreciation experienced by bourses across Asia, especially in Japan and South Korea, which opened in the green this morning," said Alfiansyah.
Meanwhile, across Asia, the Hang Seng Index slipped by 162.91 points or 0.58 percent to commence trading at 27,918.30 points, the Nikkei inched up by 123.87 points or 0.61 percent to open at 20,596.45 points, while the Straits Times Index opened lower by 11.35 points or 0.30 percent to begin trading at 3,414.00 points.