Indonesian share prices closed 0.32 percent higher on Monday as gains in index heavyweight Telkom and second liners drove the benchmark index to a another record finish, dealers said. The Jakarta Stock Exchange composite index closed up 3.685 points at 1,151.559 on volume of 5.03 billion shares worth 3.61 trillion rupiah (385.31 million dollars). "Frankly, I am still wondering at what level the index correction will start. There is just no clue yet," said Irvin Padmadiwiria, a fund manager with PT Batavia Prosperindo.
He said the index had actually surpassed his year end target of 1,150 points although some foreign brokerages had set a higher target of 1,200 points.
The rupiah was at 9,403-9,408 to the dollar, down from Friday's 9,365-9,370. Gainers led losers 95 to 50. State telecom firm Telkom gained 100 rupiah at 4,525 while long distance operator Indosat also rose 100 at 4,875 rupiah.
Cigarette maker Gudang Garam dropped 250 at 18,000 rupiah while rival Sampoerna was flat at 10,350.
State Bank Mandiri fell 20 rupiah at 1,710 while rival Bank Central Asia gained 125 at 3,825 rupiah.
Carmaker Astra International was down 50 at 10,900.
Comments
Comments are closed.