Jakarta shares may stuck in subdued trade

17 Dec, 2007

Indonesian share prices will remain stuck in subdued trade next week due to a lack of positive sentiment in domestic and regional markets and amid holiday interruptions, dealers said Friday.
"The market will be interrupted by holidays on Thursday and Friday and the following week for Christmas," Dongsuh Kolibindo Securities analyst Ryan Aryadi Suwarno told AFP.
The market may test resistance at 2,795 points, with support seen at 2,719, he said. At close of trade Friday, the rupiah was at 9,325/9,330 to the dollar.

Read Comments