Jakarta shares to keep upward trend

Indonesian share prices are likely to maintain their record-breaking run next week on expectations that the banks will report strong first-half earnings, dealers said. "The index will continue to be bullish next week as the banks will publish strong first-half earnings," Lanang Trihardian from Erdika Elit told AFP.
However, he said that the market's rise will not be as big as the last two week's achievement, with the composite index rising strongly.
For the week to July 20, the Jakarta Stock Exchange composite index rose 64.799 points or 2.82 percent to finish at 2,366.40. Daily average volume was 4.1 billion shares worth 3.78 trillion rupiah (417 million dollars). Trihardian said the market might face resistance at 2,395 points, with the support level at 2,328.