- ANTARA/Prasetyo Utomo
VIVAnews - The Indonesia Stock Exchange sees increasing share prices in the past few days following positive sentiment toward stocks at domestic and international markets.
"The composite stock price index is expected to move between 3,890 and 4,050, making possible a chance to hit the newest level in history at 4,000," said Pardomuan Sihombing, Head of Research at PT Recapital Securities, today.
According to Pardomuan, the issues on Greece debt crisis, the improve in Indonesia's rating, and the stable commodities' prices worldwide have helped shape up stock prices.
"The winding down of inflation rate as well as improving performance of most issuers during the second quarter of 2011 have been the domestic drive for stock price boost," he said.
In the mean time, PT Mega Capital Indonesia said in a statement that the stock prices in last weekend hit the highest level at 3,956 prior to being closed at 3,927.
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