Jakarta shares likely to move upward

Indonesian shares are set to rise, spurred on by a 25 point cut in the interest rate and a likely peaceful presidential election, dealers said. "There's a chance that the index will go up," Ciptadana Securities head of sales John Teja told AFP. "The support level will be at 2,000 and resistance at 2,150," he said.
The Jakarta Composite Index gained 35.11 points to 2,075.30 during the week to July 3. The rupiah ended at 10,210 to the dollar, up from 10,270 the week before.