Indonesian shares closed 1.43 percent higher on Friday with a late rush on blue chip stocks triggered by expectations Standard and Poor's may soon upgrade the country's credit rating, dealers said. The Jakarta Composite Index rose 34.77 points to 2,467.95 in moderate trade.
"I think the index could continue to strengthen next week on the return of foreign funds," a trader at Valbury Securities told Dow Jones Newswires. Key gainers included coal miner Adaro, which ended up 6.6 percent at 1,620 rupiah and Bumi Resources, which rose 3.8 percent to 2,750 on bargain buying. Car distributor Astra closed up 4.2 percent to 32,650 rupiah after falling more than eight percent in the previous three sessions. The rupiah closed at 9,435 to the dollar compared to 9,540 the day before.
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