Jakarta shares prone to correction

Indonesian share prices are prone for a correction next week after the main index hit record closes five consecutive days over the past week, dealers said on Friday. But they added some second-line shares still showed upside potential.
"I think the market will do a temporary technical correction as it has already broken the all time high record," said analyst Lanang Trihardian from Erdikha Elit.
For the week ended July 6, the Jakarta Stock Exchange composite index gained 87.77 points or 4.1 percent to 2,227.051. Daily average volume totalled 4.41 billion shares worth 4.04 trillion rupiah (447.15 million dollars).
Trihardian said that east Asian markets, especially China, would remain volatile next week and this could influence the Indonesian market. The market may face resistance at 2,260 points.