Jakarta shares set for modest gains

Indonesian shares are set for modest gains due to a strengthening rupiah and firming investor sentiment in the United States, dealers said Friday. "The index has reached the 2,000 level. There's a chance that the index will move up in a limited way," Ciptadana Securities' John Teja told AFP.
"The improving US market may also help the local index to rise," he said. "The support level will be at 1,900 and resistance at 2,050," Teja said. The Jakarta Composite Index gained 49.72 points to 2,040.19 during the week to June 26. The rupiah ended at 10,270 to the dollar, up from 10,390 the week before.