Jakarta Index Up On Monday

Jakarta, June 24 (Antara) - Indonesia`s benchmark stock index gained 8.87 points in the opening trade on Monday with a number of stock oversold. The index of the Indonesian Stock Exchange (BEI) rose 0.2 percent to 4,524.24 points . "A number of stocks already oversold helped lift the BEI index this morning," Trust Securities chief researcher Reza Priyambada said. Reza said positive growth of the US market also drove the BEI index in the week`s opening trade. "The pressure is less in strength compared with last week when the world was worried by the The Fed`s announcement to cut its stimulus," Reza said. Nevertheless , domestic shares are still shadowed by selling action in Asian markets, which are still in the negative area, he said. Regional market such as Hang Seng recorded a 1.37 percent fall in index to 19,986.64 points, Nikkei-225`s index dropped 0.20 percent to 13,203.87 points and the index of Straits Times declined 0.68 percent to 3,099.78 points.