Indonesian share prices closed 1.48 percent higher on Thursday as gains in market mover Telkom and general optimism over strong first-half corporate results drove the composite index to a new all-time high, dealers said. The Jakarta Stock Exchange composite index closed up 16.858 points at 1,157.514, breaking its previous record high of 1,152.60 points touched on March 22.
Volume was 2.49 billion shares worth 2.33 trillion rupiah (237.03 million dollars.) Advancers outnumbered decliners 88 to 47, while 69 stocks were unchanged.
The rupiah was at 9,805/9,815 to the dollar compared to Wednesday's close of 9,843/9,850.
Telkom was up 200 rupiah at 5,450 rupiah while Indosat was up 50 rupiah at 5,550 rupiah.
Car dealer Astra International was up 50 rupiah at 12,650 rupiah and heavy equipment unit United Tractors rose 275 rupiah to 4,375 rupiah while crude palm oil unit Astra Agro Lestari was up 75 rupiah to close at 4,125 rupiah.
Bank Mandiri was up 50 rupiah at 1,580 rupiah, Bank Rakyat Indonesia was up 50 at 2,975 rupiah while Bank Central Asia was steady at 3,575 rupiah.
Among small-caps, baby food producer Sari Husada shed 125 rupiah to 2,475 rupiah, giving up its strong gains Wednesday following a report that its Dutch parent Royal Numino NV may buy shares from its minority shareholders at a premium price of 3,500 rupiah a share.
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