Indonesia Stock Exchange Rebounds Today

VIVAnews - The Indonesia Stock Exchange sees gain in share prices today following the positive sentiment from the domestic market and buying of blue chip stocks. 

The composite stock price index opened higher this morning at 4,159.13. 

An analyst at PT Trust Securities, Suhendra Wahid, said the index has recovered from sharp correction on yesterday's trading as investors were confident toward the solid Q1 economic growth. 

"The share prices in the IDX will be at between 4,120 and 4,180," he said. 

In addition, Armand Dharmasana, an analyst at PT Phillip Securities Indonesia, said the rebound in share prices today was a result of investors; buying over some blue chip stocks at lower prices. 

Stock markets  recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe's plans for fighting its debt crisis.

In the U.S., the Dow Jones industrial average fell as much as 68 points in early trading, but recouped its losses and even gained 10 points by the afternoon. The Dow finished the day down 29.74 points, or 0.2 percent, at 13,008.53.

The Standard & Poor's 500 also started the day lower but ended up 0.48 points at 1,369.58. The Nasdaq composite index rose 1.4 points to 2,957.76.

Asian stock markets staged a modest recovery Tuesday as the initial shockwaves from election results in Europe faded. Trading is expected to remain volatile as Greece struggles to form a government after voters punished pro-austerity parties.