Indonesian share prices are expected to trade mixed in this week in quiet business after a record-breaking session on Thursday, dealers said. "This week, I don't expect heavy transactions in our market," said Budi Ruseno, research analyst at Bhakti Capital Securities. "I don't see enough positive news, domestically and regionally, that can move the index even higher," he said, adding that investors would most likely focus on short-term trading.
Jakarta shares have hit record highs in recent weeks on a generally positive outlook for the economy despite the devastating December 26 earthquake and tsunamis in Aceh province.
Government officials have painted a promising economic outlook for 2005, with growth forecast at between 5.0 and 5.5 percent.
International investors have welcomed the government's campaign to crack down on corruption and other efforts to restructure the economy.
Analysts said the market had largely expected Thursday's pledges of 2.8 billion dollars in fresh loans from the country's main western creditor group, the Consultative Group on Indonesia (CGI).
The Jakarta Stock Exchange composite index closed the holiday-shortened week to January 20 at 1,035.747, up 14.08 points or 1.4 percent. The stock market was closed Friday for the Eid-al-Azha holiday.