Jakarta Index Up On Thursday

Jakarta, Jan 2 (Antara) - The Jakarta composite index opened 0.64 percent higher on Thursday after New Year holiday to 4,301.41 points. The index of 45 most liquid stocks gained 1.1 percent to 719.29 points. "Hopefully, the year 2014 would be a year of success and stability for us all," Vice President Boediono said in an official address at the start of trading here on Thursday. Boediono said in 2014, Indonesian economic development would be determined by four factors -- global liquidity, world oil price, foodstuff and domestic politics. He described as positive factors the completion and operation of a number of new infrastructure projects in 2014 including airport, arterial roads, toll roads, new railroads, and seaports. "This would help boost economic activities. With the real sector running, and financial sector stable, the Indonesian Stock Exchange should post good performance in the following years," he said. Meanwhile, a commissioner of the Financial Service Authority (OJK) Muliaman D Hada said that the country`s economy is sustained by stronger financial industry including capital market, banking and non bank financial industries. "The country`s financial industry would be much healthier and stronger in the future. Over the past year, there had been many initiatives to strengthen out capital market and stronger fundamentals of listed companies to enter this new year," Muliaman said. Regional market such as Hang Seng recorded a 0.11 increase in index to 23,331.80, with Nikkei-225 index up 0.69 percent to 16,291.31 points and that of Straits Times gaining 0.36 percent to 3,178.71 points.