Jakarta shares likely to remain volatile

The Indonesian stock market will remain volatile next week due to concerns over global oil prices and high inflation, but commodity sectors could drive the market upward, an analyst said Friday. "Our market will continue to be largely contaminated by regional trend," Mandiri Securities analyst Aji Martono told AFP.
For the week ending June 13, the composite index dropped 3.82 points or 0.16 percent to finish at 2,402.24. Daily average volume was 3.15 billion shares valued at 5.62 trillion rupiah (612.58 million dollars). But Martono said palm oil and mining shares would drive next week's market upward. The market could test resistance at 2,365, with support at 2,436, he said.