Indonesian share prices closed 0.36 percent higher in quiet trade on Monday, with market heavyweights Telkom and Indosat helping to push the market through the 1,100 points resistance level, dealers said. The Jakarta Stock Exchange composite index closed up 3.946 points at 1,100.878 on volume of 646.13 million shares worth 714 billion rupiah (74.26 million dollars).
"It was a bit difficult for the market to rise although it did manage to close at that level (of 1,100 points)," said Andalan Artha Advisindo Sekuritas head of equity research Arianto Reksoprodjo.
He said interests in blue chips ceased after their gains over the past few weeks while a weak rupiah may have contributed to fresh interest in plantation firm London Sumatra and oil firm Energi Mega Persada.
Advancers led decliners 61 to 40, while 64 stocks were unchanged.
The rupiah weakened slightly at 9,615-9,620 to the dollar compared to Friday's 9,595-9,600.
State telecom firm Telkom rose 75 rupiah while long distance operator Indosat also netted 100 at 5,400.
Cigarette maker Gudang Garam rose 150 rupiah to 12,350 while rival Sampoerna also increased 50 to 8,250.
Bank Mandiri was flat at 1,510 rupiah while rival Bank Rakyat Indonesia was also unchanged at 2,700. Carmaker Astra International netted 100 at 12,550.
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