Indonesian share prices are likely to trade amid mixed sentiment next week with optimism continuing after the index reached all time highs despite caution ahead of Eid holidays, dealers said Friday.
"The rally this week shows positive sentiment ... this means the market has recovered from the deep correction some time ago," Dongsuh Kolibindo Securities analyst Ryan Aryadi Suwarno told AFP.
Indonesian share prices dropped significantly following a plunge in regional sentiment in mid-August after the fallout from US subprime mortgage crisis.
Indonesian markets will close for Eid holidays between October 12 and 16.
Until then Suwarno said investors should keep an eye on mining and energy, especially in tin and infrastructure in oil and gas.
"For next week I would favour mining shares such as Timah, energy players like Medco and oil and gas infrastructure company Apexindo. For coal mining, I favour Bukit Asam," he said.
Telecom and plantation shares would also be favoured in the coming week.
"Telkom will still be bullish until next year," said Suwarno. For the week ending October 5, the Jakarta Stock Exchange composite index gained 141.37 points or 5.99 percent to finish at 2,500.58. Daily average volume was 6.01 billion shares valued at 5.90 trillion rupiah (649.15 million dollars).