Indonesian share prices closed up 1.57 percent on Tuesday for yet another record finish, with investors confident ahead of expected strong growth figures for 2004 due Wednesday, dealers said. The Jakarta Stock Exchange composite index added 16.467 points to 1,067.200. The previous high was recorded on February 2 at 1,052.83. Volume was 2.21 billion shares worth 1.78 trillion rupiah (193 million dollars.) Gainers led losers 83 to 46, while 67 stocks were unchanged.
The rupiah traded at 9,270-9,275 to the dollar, down from Monday's 9,245-9,250.
They said growth was supported by low interest rates and the smooth passage of legislative and presidential elections.
Sindunata also said the release of positive 2004 results by some banks had raised hopes that other companies would follow suit.
State telecom firm Telkom rose 100 rupiah at 4,750 rupiah, while long distance operator Indosat gained 50 rupiah at 5,550 rupiah.
Cigarette maker Sampoerna was up 700 rupiah at 8,150, while rival Gudang Garam rose 200 rupiah at 16,750.
Bank Niaga was up 20 rupiah at 510, while rival Lippo Bank dropped 20 rupiah at 950.
Carmaker Astra International was up 350 rupiah at 10,400.
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