Indonesian share prices closed 0.21 percent higher on Monday as gains in banking stocks pushed the benchmark index to another record finish, dealers said. The Jakarta Stock Exchange composite index closed up 2.290 points at 1,105.298, breaking its previous record close of 1,103.008 set Friday. Volume was 1.81 billion shares valued at 1.82 trillion rupiah (195.1 million dollars). Decliners led advancers 66 to 58 while 82 stocks were unchanged. The rupiah traded at 9,330-9,335 to the dollar compared to Friday's 9,345-9,355.
"Investors played on a short-term basis," Danasakti Sekuritas analyst Arief Budisatria said.
Budisatria said investors were cautious amid continuing public protests against the government's move last week to raise fuel prices.
He said tensions between Malaysia and Indonesia over a border dispute on Borneo island had also affected sentiment and capped further gains.
Indonesia and Malaysia said Monday they would seek a diplomatic end to a border and oil dispute even as a military-backed visit by Indonesia's president Susilo Bambang Yudhoyono to the contested region risked stoking tensions. Bank Mandiri gained 30 rupiah at 1,870 rupiah while rival Bank Rakyat Indonesia rose 125 rupiah at 3,300.
State telecom firm Telkom was flat at 4,425 rupiah while long distance operator Indosat was also unchanged at 5,350. Cigarette maker Gudang Garam fell 50 rupiah at 16,450 while rival Sampoerna lost 250 rupiah at 8,600.
Carmaker Astra International gained 200 rupiah at 10,900.
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