Indonesian share prices closed up 0.61 percent on Tuesday at a fresh record high, helped by a rally in miners, dealers said. The Jakarta Stock Exchange composite index closed up 11.736 points to a new high of 1,925.471 on volume of 2.41 billion shares worth 2.81 trillion rupiah (308.72 million dollars).
Gainers beat losers 85 to 83, while 61 stocks were unchanged. The rupiah was trading at 9,098/9,102 to the dollar against 9,092/9,095 late Monday. Index heavyweight Telkom extended gains from yesterday, finishing up 100 rupiah at 10,300 while rival Indosat ended unchanged at 6,300.
Nickel and gold miner Antam rose 500 or 3.4 percent to 15,200 boosted by news that the company will ask shareholders to approve a five-for-one stock split at a meeting on May 30. Tin miner Timah gained 1,350 rupiah or 10.67 percent to 14,000 while Inco increased 200 to 60,100.
Among other gainers, crude palm oil producer Astra Agro rose 300 to 14,250 and rival Lonsum added 100 to 6,650 amid hopes that the palm oil price may continue its uptrend in coming months amid tight supply.
Bank Mandiri gained 75 rupiah to 2,800, Bank Rakyat Indonesia rose 150 to 5,650, Bank Central Asia increased 50 to 5,400 while Bank Danamon was flat at 6,500. Among the losers, Gudang Garam dropped 50 to 11,000, and Astra International lost 150 to 13,550.
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