Indonesian share prices closed 0.25 percent higher on Thursday with gains led by index heavyweight Telkom offsetting profit-taking elsewhere in the market, dealers said. The Jakarta Stock Exchange composite index rose 3.295 points to 1,305.623, off a high of 1,321.955 and a low of 1,298.861.
Volume was 1.8 billion shares worth 1.8 trillion rupiah (197.37 million dollars). Declining stocks narrowly led advancers 60 to 58, while 69 stocks were unchanged.
The rupiah was slightly firmer at 9,070-9,075 to the dollar against Wednesday's close of 9,080-9,085.
"It is a mixed situation. People still wanted to lock in profit in some stocks but they were also tempted to buy some other stocks," said Fitri Murniawati, analyst with BNI Securities.
She said the entry of some fresh foreign funds was likely behind the gains of a number of large-cap shares.
"The gainers were mostly those which are expected to report good results, like Telkom and Gudang Garam.
As for today's losers, they're just undergoing a correction following the recent rally," added Murniawati.
Among major stocks, Telkom gained 200 rupiah to close at 6,950 while cigarette firm Gudang Garam also gained 50 to finish at 10,250.
Carmaker Astra International was flat at 10,800 while Bank Mandiri dropped 30 to 1,650 rupiah.
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