Jakarta (ANTARA News) - The Jakarta composite index (JCI) closed 0.38 percent higher on Thursday to follow the rupiah appreciation against the US dollar, analysts said

The index of the Indonesian Stock Exchange (BEI) rose 40.70 points to 5,418.30 points with index of 45 most liquid stocks up 0.96 percent to 949.73 points.

"The JCI moved back to the positive territory on positive sentiment from rupiah that gained against the US dollar," Asjaya Indosurya Securities analyst William Suryawijaya said.

William said the US central bank signalling delay in fund rate hike gave positive sentiment to the domestic market opening the possibility the JCI to climb back to a new record high.

"The positive sentiment would draw more foreign fund into the domestic market that the JCI could cross the level of 5,514 which is a new record high," he said.

The trade on Thursdsy recorded foreign net buy of Rp490.107 billion .

HD Capitals analyst Yuganur Wijanarko said a surge recorded by the US stock market on Wednesday night had positive impact on the domestic market prompting investors to buy shares .

The trade recorded 246,583 transactions with 4.91 billion shares valued at Rp5.39 trillion changing hands.

Gainers far outnumbered decliners by 200 to 110 shares with 99 shares remaining flat.

Regional markets such as Hang Seng and Straits Times recorded an increase in index , but Nikkei declined.(*)

Editor: Heru Purwanto
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