Jakarta shares lower

Indonesian shares ended 1.07 percent lower on Monday due to late profit-taking by local funds on commodity-related stocks, dealers said. The Jakarta Composite Index fell 22.28 points to 2,056.65 in moderate volume. "The market ran out of steam after its recent rally, but healthy foreign buying prevented the main index from falling deeper," a trader told Dow Jones Newswires.
Foreign purchase of shares was valued at 47 billion rupiah (4.7 million dollars). Nickel miner Antam fell 5.38 percent to 2,200 rupiah, tin miner Timah slid 5.21 percent to 2,275 and Bank Negara Indonesia dipped 2.22 percent to 1,760. The rupiah closed at 10,050 to the dollar compared to 9,920 at the last close.