Indonesian share prices closed 0.51 percent higher on Wednesday as interest in infrastructure and mining stocks drove the market to another record finish although profit-taking capped the gains, dealers said. The Jakarta Stock Exchange composite index was up 5.293 points at 1,052.825. Volume was 2.24 billion shares worth 2.32 trillion rupiah (257.7 million dollars).
The rupiah was at 9,190/9,200 to the dollar, compared with Tuesday's close of 9,240/9,250.
BNI Pensiun research analyst Dian Abdul Hakim said the market was led by infrastructure stocks such as state construction firm Adhi Karya but this interest may have been very speculative given that the broader market lacked fresh leads to justify the gains.
The government has said it will focus on infrastructure projects to boost economic growth and create new jobs this year. Hakim said profit-taking may have capped the gains, although the composite index should soon be trading within a new range of 1,060-1,065 points.
He said oil-and-gas firm Medco rose following news that its founder, the Panigoro family has signed a deal to take over Medco's parent firm New Links Energy. Medco closed up 50 rupiah at 2,625, while oil-and-gas firm Energi Mega Persada was up 40 rupiah at 900.
Adhi Karya rose 120 rupiah to 1,120 and toll road operator Citra Marga Nusaphala Persada firmed 120 rupiah to 1,070 while state cement firm Semen Gresik gained 500 to 18,900.
Among blue chips Telkom was down 75 rupiah at 4,750 while Indosat was flat at 5,750.
Cigarette firm Gudang Garam rose 400 rupiah to 17,400 while rival Sampoerna dropped 200 rupiah to 7,500.
Car distributor Astra International gained 450 rupiah to 10,500.
Bank Central Asia was flat at 2,925 rupiah and state-run Bank Mandiri was also flat at 1,930. Bank Rakyat Indonesia edged up 125 rupiah to 2,825.