Jakarta shares close up

Indonesian shares ended 0.3 percent higher on Monday with banks driving an afternoon rebound from earlier lows, dealers said. The Jakarta Composite Index rose 6.7 points to 2,127.22 after initially falling due to weaker global coal prices, which hit heavyweight Bumi Resources. Dealers said investors regarded fundamentals such as consumer demand as resilient and were looking for bargains in anticipation of easing August inflation.
Bank Central Asia leapt 4.3 percent, Bank Negara rose 0.8 percent and Bank Damanon finished two percent higher. Index heavyweight Astra International gained 1.8 percent on expectations of strong vehicle sales.