JAKARTA: To start the first trading in May, Jakarta Composite Index, which measures the overall performance of Indonesian shares, slightly rose 0.31% or 11.96 points to 3.819.80, led by gain of Bank Rakyat Indonesia (BRI). JCI continued to increase and reach 3.832.33 at 09.32 a.m in Jakarta.Meanwhile, Index BISNIS-27, stock index which counts 27 publicly listed companies and launched by Indonesia's business newspaper Bisnis Indonesia daily, rose 0.03 points.Indonesian index moved within the range of 3.819.80-3.839.29. At the early trading, only eight shares rose, four shares fell, and the remaining 411 were stagnant.BRI led todays movement which contributed 1.44 points to JCI, PT Adaro Energy Tbk with 0.95 points, PT Perusahaan Gas Negara (Persero) Tbk with 0,72 points, and PT Bumi Resources Tbk with 0,61 points.Shares that hold from further downfall were PT Holcim Tbk with 0.45 points, PT Holcim Tbk with 0.45 points, PT Indocement Tunggal Prakarsa Tbk with 0.44 points, and PT Indo Tambangraya Megah Tbk with 0.40 points.Asian stocks rose, cited in Bloomberg, driving the regional benchmark index to the highest level in almost 4 months, after U.S. companies reported earnings that topped analysts estimates, easing concerns that global economic growth may slow.The MSCI Asia Pacific Index increased 0.4% to 140.08 at 10:34 a.m. in Tokyo, the highest level since Jan. 19. Almost three stocks rose for each that fell on the gauge. The measure climbed 0.5% last week after the Federal Reserve renewed its pledge to stimulate growth in the U.S., the worlds biggest economy, with low interest rates, boosting the outlook for exporters.The MSCI Asia Pacific Index increased 1.3% this year through April 29, compared with gains of 8.4% by theStandard and Poors 500 Index and 2.9% by the Stoxx Europe 600 Index.Stocks in the Asian benchmark were valued at 13.5 times estimated earnings on average, compared with 13.8 times for the S&P 500 and 11.5 times for the Stoxx 600.Nikkei 225 slightly increased 0.97% to 9,945.24. Hang Seng abated 0.36% to 9,945.24, Shanghai SE Composite inched up 0.85% to 2,911.51, and South Korea's Kospi gained 1.47% to 2,224.50. (wiw)

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