Indonesian share prices closed 0.17 percent lower on Friday as investors took profits, dealers said. The Jakarta Stock Exchange composite index slipped 3.105 points at 1,805.961 on volume of 1.98 billion shares worth 2.4 trillion rupiah (263.59 million dollars). Decliners led advancers 77 to 63, with 68 stocks unchanged.
The rupiah was at 9,100/9,105 to the dollar, against 9,104/9,109 late Thursday. "After Thursday's strong rally, I would say today's correction is healthy," said Felix Sindhunata, the head of research at Mega Capital Securities.
"I think the market will continue to consolidate while waiting for new strong leads," he said. Indosat rose 150 rupiah to 6,150 despite reporting a fall in profits over 2006, while rival Telkom was up 50 at 9,600.
Instant noodle maker Indofood was flat at 1,490 rupiah even though it announced a big jump in 2006 net profit. Among other gainers, Bank Danamon jumped 350 rupiah to 6,750, Bank Mandiri was up 25 at 2,500, Perusahaan Gas Negara rose 50 to 9,250 and cigarette maker Gudang Garam was up 100 at 10,700.
Nickel miner Inco fell 850 to 49,150 after its recent rise, rival Antam was also down 150 at 11,350 and tin miner Timah was down 50 at 12,150. Among other losers, car dealer Astra International dropped 350 to 13,200, Bank Rakyat Indonesia lost 125 to 4,900 and BCA slipped 50 to 5,150.
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