Indonesian share prices closed 0.95 percent higher on Thursday supported by a rebound on Wall Street overnight which fed through into firmer finishes in key East Asian markets, dealers said. They said Telkom, miners and interest rate-sensitive stocks such as banks led gains.
The Jakarta Stock Exchange composite index closed up 19.811 points at 2,108.412, off a high of 2,113.391 and a low of 2,096.843. Volume was 3.61 billion shares valued at 3.56 trillion rupiah (392,07 million dollars). The rupiah was trading at 9,070/9,080 to the dollar, compared to 9,078/9,083 late Wednesday.
"Investors returned to the market today prompted by Wall Street's rebound overnight," BNI Securities analyst Norico Gaman said. Index heavyweight Telkom rose 100 rupiah, or 1.03 percent, at 9,800, while Indosat gained 100, or 1.49 percent, to 6,800.
Semen Gresik surged 1,750, or 4.12 percent, to 44,250, Holcim Indonesia added 20 to 800, while Indocement was unchanged at 5,650. The cement stocks rose after a local media report said domestic cement consumption rose 13.6 percent year-on-year in May.
Unilever Indonesia rose 150 rupiah, or 2.21 percent, to 6,950, Indofood surged 120, or 6.06 percent, to 2,100, retailer Ramayana gained 60, or 6.98 percent, to 920, while Matahari, another retailer, was unchanged at 760. Astra International added 250 rupiah, or 1.55 percent, to 16,400 and United Tractors was up 300 at 7,600.
Bumi Resources was up 50 rupiah at 1,890, Inco gained 1,800, or 3.32 percent, to 56,000, Aneka Tambang was up 250 at 13,300, Timah put on 50 to 11,500, and Bukit Asam finished flat at 6,350. Bank Mandiri was up 75 rupiah, or 2.4 percent, at 3,200, Bank Danamon rose 100 to 7,400 and Bank Central Asia was unchanged at 5,350. Astra Agro however lost 700 rupiah, or 4.73 percent, to 14,100 and Bank Rakyat Indonesia declined 200 to 5,850.