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Indonesian shares close up as foreign funds take profit

Indonesian shares close up as foreign funds take profit

Indonesian shares rose 0.3 percent Friday, down from all-time intraday high of 1,556.210.
The Jakarta Stock Exchange Composite index closed up 4.65 points to 1,549.629 with a moderate volume of 1.55 billion shares. Gainers led losers 69 to 49, with 77 stocks unchanged.
Traders say, central bank's forecast on 9 percent interest rate by year-end against 10.75 percent at present inspiring buying, but profit taking by foreign funds offset gains of index.
Meanwhile, the local currency, the rupiah, ended steady as the U.S. dollar was closed at 9,206 rupiah, and was likely to continue trading sideways next week as market doesn't expect any major surprises, dealers said.


Updated : 2021-04-23 05:29 GMT+08:00