Jakarta stocks finished higher on Monday on a technical rebound and positive sentiment from a slightly stronger rupiah currency. Gains in some key regional bourses and a lower oil price also helped.
The Jakarta Composite Index gained 0.41 percent to 700.785 points in relatively heavy trade with estimated turnover of 867.22 billion rupiah ($92.95 million). Gainers outnumbered losers 42 to 31 while 76 shares were unchanged.
"A stronger rupiah is one of the factors today, while a relatively lower oil prices also helped the market," said Christine Salim, the head of research at Samuel Sekuritas Indonesia.
A stronger oil price would have a negative impact for Indonesia, which - while it is Asia's only member of Opec - has been a net oil importer in recent months.
Some strengthening in the rupiah against the dollar helped exchange rate sensitive shares such as carmaker PT Astra International Tbk, which gained 2.75 percent to 5,600 rupiah.
Many banking shares also ended in positive territory, rebounding from their heavy losses last week after the central bank announced it would increase banks' minimum reserve requirements.
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