IDX INDEX OPENS 1.4 PCT HIGHER MONDAY MORNING

Jakarta, April 5 (ANTARA) - Share-trading at the Indonesian Stock Exchange (IDX) at market's opening on Monday was dominated by buying action that led the composite stock price index (CSPI) to rise 1.4 percent amid continuing dynamic developments in the global and regional markets.

The IDX index went up 41 points to 2,871.043 points and the LQ-45 rose 8.8 points or 1.5 percent to 559.712 points.

PT. Sinarmas exchange analyst Alfiyansyah said the IDX was predicted to reach 2,900 points or a few points above its present level later on Monday.

"We are optimistic that the IDX index will reach 2,900 points, due to the strengthening of positive factors," he said.

He said the main factor in the sharp rise in the IDX index was an improvement in US share prices which had also triggered a resurgence in regional stock exchanges.

Foreign market players were also optimistic that the Indonesian market would remain more profitable to them due to the country's continuing economic growth, Alfiyansyah said.

Besides, the high domestic interest rates was also a motivating factor for foreign players to immediately put their money in the Indonesian market, he said.

There was also a great possibility the index would reach 3,000 points if the current conditions continued, and thus foreign market players would continue to prefer doing business in Indonensia than elsewhere.

Foreign players could invest their money in Bank Indonesia instruments, buying government-issued stocks and bonds, he said.