Indonesian shares closed 0.50 percent lower Monday on profit-taking in telecommunications and resources-related stocks, dealers said. The Jakarta Composite Index lost 12.71 points to 2,506.38. Weak rupiah weighed down overall sentiment, they added. He expected shares will rebound Tuesday on bargain buying.
Telkom lost 3.1 percent to 9,500, coal miner Bumi Resources went down 5.8 percent to 2,425, while gas distributor Medco fell 3.9 percent to 2,450. The rupiah closed at 9,475 to the dollar compared to 9,460 at the last finish.