Profit taking hits Jakarta stocks

Profit taking hit the Jakarta bourse on Thursday after the index gained almost four percent this week on a peaceful first round vote in Indonesia's presidential election.
The Jakarta Composite Index fell 1.54 percent to 759.74 points in relatively heavy trade estimated at 905.4 billion rupiah ($100.66 million).
The largest cigarette firm, PT Gudang Garam Tbk, dived 5.02 percent to 14,200 rupiah.
However, some laggards in the recent market upswing, such as PT Indonesian Satellite Corp Tbk, managed to book a gain on Thursday. It rose 1.2 percent to 4,300 rupiah.
Looking ahead, analysts said the market was likely to maintain an upward trend and test next resistance at around the 780 points mark.
The rupiah currency was quoted slightly stronger at 8,995/9,000 to the dollar late on Thursday.