Indonesian share prices are expected to make further gains this week on attractive valuations in blue chip stocks following a recent fall, analysts said.
Other than the much-discussed possibility of a cabinet reshuffle involving key economic ministers of President Susilo Bambang Yudhoyono's cabinet, the market expected little other negative news, they said.
"The market will most likely go on a rebound this week as many blue chips are already oversold," said Hendri Effendi of the Citi Pacific Securities.
Ryan Ariadi Suwarno of the Dongsuh Kolibindo Securities said the market may still make some gains in the near term but on a medium-term view of over three months, the index could fall below the critical 1,000-point mark due to the high interest rates.
The Jakarta Stock Exchange composite index rose 26.001 points or 2.53 percent over the week to finish at 1,054.985 on Friday.
Daily average volume totalled 699.21 million shares worth 816.03 billion rupiah (81.44 million dollars).