Indonesian shares are likely rise on easing inflation and a likely rate cut by the country's central bank, dealers said on Friday. Investors will be eyeing November inflation figures, set to be announced next Thursday, and would respond positively if an expected easing in the consumer price index leads to a cut in interest rates, David Chang from UOB Kay Hian Securities told AFP.
"The market has been bullish over the past three days. We hope this will continue next week," Suherman Santikno from Batavia Prosperindo said, adding that the resistance level ranged from 1,400 to 1,500, with support unknown. For the week the main index rose 95.26 points, or 8.31 percent, for the week to end at 1,241.54. The rupiah weakened to 12,350 against the dollar compared to 12,300 the day before.