Indonesian shares closed flat Monday with late selling in telecoms and bank stocks, dealers said. The Jakarta Composite Index edged down 0.24 points or 0.01 percent to 2,467.71 in light trade. "The market consolidated after Friday's 1.4 percent gain," a trader told Dow Jones Newswires.
He said shares were expected to rise Tuesday on hopes that companies will report strong earnings later in the week. Telkom fell 1.7 percent to 8,500 rupiah, Bank Rakyat lost 1.3 percent to 7,500 and car distributor Astra rose 1.4 percent to 33,100. The rupiah closed at 9,490 to the dollar compared to 9,430 at the last close.