Indonesian share prices are expected to see mixed trade in the week ahead with investors cautious over regional sentiment, dealers said Friday. "In the short term, the market will still be fluctuating and very receptive to regional sentiment as it did this week," Lanang Trihardian from Erdikha Elit told AFP.
For the week ending August 3, the Jakarta Stock Exchange composite index dropped 28.62 points or 1.25 percent to 2,269.79. Daily average volume was 5.13 billion shares worth 4.38 trillion rupiah (472.02 million dollars).
Trihardian said major stocks that had lost ground in the past few days - such as Bank Mandiri and Telkom and mining stocks - would be favoured in the coming week. "Bank Mandiri has been corrected quite deep recently, this is a good time to buy," he said. Trihardian said that the market might face resistance at 2,348 points, with the support level seen at 2,240.
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