Indonesian share prices closed 0.81 percent higher on Monday on a rebound from last week's falls, with investors expecting that Saturday's deadly earthquake in central Java will not have any significant impact on the economy, dealers said.
They said stronger commodity prices drove up mining stocks such as nickel and gold miner Antam.
The Jakarta Stock Exchange composite index closed up 10.737 points at 1,333.884, but off an intra-day high of 1,354.431 as it tracked retreats in some regional markets.
Volume was 1.74 billion shares valued at 2.17 trillion rupiah (233.3 million dollars). Gainers led losers 75 to 39, with 61 stocks unchanged.
The rupiah closed at 9,215/9,220 against Friday's closing level of 9,250/9,260.
Treasure Fund Investama analyst Gideon Lapian said investors are confident that Saturday's quake, which hit the Central Java city of Yogyakarta and its surrounding area, will not have a big economic impact.
The 6.3 magnitude quake left over 5,000 people dead, making it the worst disaster here since the December 2004 tsunami disaster in Aceh.
Bank Indonesia governor Burhanuddin Abdullah said today that the impact on the nation's economy "will not be significant."
Still the disaster undermined to some extent the market sentiment, which has already been running low since the past two weeks amid concerns of more interest rate hikes in the US, said Lapian.
"The market has not entirely regained its optimism," he said.
Blue chip Telkom rose by 250 rupiah to 7,350 as investors expect the company to release strong 2005 earning figures. Indosat added 200 at 5,150.
State owned Bank Mandiri gained 10 at 1,700 and Bank Rakyat Indonesia dropped 225 at 3,950 while Bank Central Asia lost 50 at 4,050.
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