Also shares Perkasa, JCI 111 Points handful

Purchasing shares action continues until the closure of the Indonesian Stock Exchange, Monday (10/05/2010) evening.

Stock index managed to earn 111.09 points after last week slumped.

Composite Index jumped 4.06 percent closing at 2850.42. Pertambagnan sector, basic industries, and miscellaneous industries that gained more than 5 per cent lead rate for the index earlier this week.

Meanwhile, the index rose 4.38 percent Kompas100, LQ45 index rose 4.58 percent, and the Jakarta Islamic Index rose 4.98 percent.

Valas PT Sinarmas Securities analyst, Alfiansyah, as quoted by Antara here on Monday, said that recovery of stocks in the United States is the main factor encouraging stronger regional exchanges. This was followed by the shares in the Indonesian capital market.

According Alfiansyah, the increase was also triggered by the weakening U.S. dollar in the regional market, both against the euro and the yen, after a few days ago the U.S. dollar strengthened.

He said the index is expected to return nearly 2900 points since the positive support is getting stronger. "If there are no impediments, IDX index will be back close to 2900 points," he said.

Moreover, continued Alfiansyah, Indonesian macro economic factors that are good enough reason for foreign actors for placing their funds in the domestic market. "Bank Indonesia is also still set a benchmark rate (BI Rate) at 6.5 percent range. It is encouraging foreign players continued to play in the domestic market," he said.

A total of 193 stocks rose compared to dominate trade in 31 stocks fell and 41 shares remain stagnant. The total transaction value reached USD 6.24 trillion of 138 912 times the volume of transactions with 6.76 billion shares.