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Indonesian shares raise as late buying in Unilever, Bukit Asam erase earlier losses

Indonesian shares raise as late buying in Unilever, Bukit Asam erase earlier losses

Indonesian shares rose slightly Wednesday as late buying in consumer goods producer Unilever Indonesia and coal miner Bukit Asam erased earlier losses.
The Jakarta Stock Exchange Composite index closed up 7.381 points, or 0.4 percent, to 2,008.559, up from intraday low 1,987.897, although losers outpaced gainers 114 to 94 and 42 stocks were unchanged.
Traders said gains in most Asian markets helped improve sentiment on local bourse which was cautious amid selling pressure in heavyweight Telkom on its report of poor first-quarter earnings.
Unilever climbed 3.5 percent to 5,850 rupiah while Bukit Asam jumped 8.2 percent 4,275 rupiah, while Telkom slid 1 percent to 10,250.
The local currency, the rupiah, also ended higher as capital inflows to Bank Indonesia's notes drove U.S. dollar rate to 9,070 rupiah, down from Tuesday's rate of 9,080.


Updated : 2021-03-06 04:52 GMT+08:00