Jakarta shares plunge

Indonesian share prices closed little changed on Monday with early weakness from Wall Street's poor finish Friday offset by a rebound in Perusahaan Gas Negara, and gains in miners, dealers said.
The Jakarta Stock Exchange composite index closed down 0.118 points at 2,152.203, off a low of 2,138.958 and a high of 2,152.203, on volume of 3.41 billion shares valued at 3.15 trillion rupiah (348.45 million dollars). The LQ-45 index ended up 0.595 points at 446.064.
Decliners led gainers 116 to 74, with 71 stocks unchanged. The rupiah was trading at 9,030/9,040 to the dollar, compared to 9,000/9,005 late Friday. "The market managed to rebound a bit in the second session as some investors re-entered to buy selected big caps and some miners gained on hopes for improved second quarter results and on expectations for a benign inflation performance in June," BNI Securities analyst Norico Gaman said.
Telkom fell 50 rupiah or 0.52 percent to 9,650, Astra International lost 150 or 0.89 percent to 16,750 and Media Nusantara dropped 10 or 1.06 percent to 930.
Bank Rakyat Indonesia fell 100 rupiah or 1.71 percent to 5,750 and Bank Central Asia was unchanged at 5,350. State gas distributor Perusahaan Gas Negara rose 500 rupiah or 5.29 percent to 9,950, Energi Mega Persada gained 100 rupiah or 13.51 percent to 840 and Indofood added 125 or 6.10 percent to 2,175.
Holcim Indonesia gained 40 rupiah or 4.26 percent to 980 and Semen Gresik rose 500 or 1.09 percent to 46,500, while Indocement lost 100 or 1.49 percent to 6,600.
Coal miner Bukit Asam gained 100 rupiah or 1.48 percent to 6,850 and nickel miner Aneka Tambang added 100 or 0.78 percent to 12,950 while rival Inco surged 1,800 or 3.26 percent to 57,000 on continued firmness in global coal and nickel prices.