{
    "success": true,
    "data": {
        "id": 1449816,
        "msgid": "shares-end-at-record-high-on-wb-forecast-1447893297",
        "date": "2004-11-11 00:00:00",
        "title": "Shares end at record high on WB forecast",
        "author": null,
        "source": "DOW JONES",
        "tags": null,
        "topic": null,
        "summary": "Shares end at record high on WB forecast Indonesian shares ended at a new record high on Wednesday after the World Bank raised its forecast for Indonesia's gross domestic product growth, dealers said. In its report on East Asia and the Pacific Region released Tuesday, the World Bank said it expects Indonesia's GDP to grow 4.9 percent this year, from 4.5 percent previously, and it expects 5.4 percent GDP growth in 2005, from 5.0 percent previously.",
        "content": "<p>Shares end at record high on WB forecast<\/p>\n<p>Indonesian shares ended at a new record high on Wednesday<br>\nafter the World Bank raised its forecast for Indonesia's gross<br>\ndomestic product growth, dealers said.<\/p>\n<p>In its report on East Asia and the Pacific Region released<br>\nTuesday, the World Bank said it expects Indonesia's GDP to grow<br>\n4.9 percent this year, from 4.5 percent previously, and it<br>\nexpects 5.4 percent GDP growth in 2005, from 5.0 percent<br>\npreviously.<\/p>\n<p>Analysts said the report from the World Bank has boosted<br>\nexpectations that Indonesian companies' performance will also<br>\nimprove next year.<\/p>\n<p>The Jakarta Stock Exchange Composite ended up 17.333 points,<br>\nor 1.9 percent, to hit an all-time closing high of 918.713.<br>\nGainers led decliners 106 to 27, while 75 stocks were unchanged.<br>\nVolume was 1.8 billion shares worth Rp 1.4 trillion.<\/p>\n<p>Bellwether Telekomunikasi Indonesia led gainers on<br>\nexpectations of higher full-year earnings, due to more<br>\ncontributions from its cellular and fixed-line services. Telkom<br>\ngained 1.6 percent to Rp 4,750.<\/p>\n<p>Telkom's rival Indonesian Satellite ended up 0.9 percent at Rp<br>\n5,400, on bargain hunting.<\/p>\n<p>Dealers said investors continued to buy shares in tobacco<br>\ncompanies on expectations of the firms' improved performance next<br>\nyear because of stronger consumer purchasing power.<\/p>\n<p>Cigarette maker Gudang Garam ended up 1.2 percent at Rp 12,900<br>\nand rival Hanjaya Mandala Sampoerna gained 1.6 percent to Rp<br>\n6,550.<\/p>\n<p>Also higher were shares in Bank Mandiri, which rose 3 percent<br>\nto Rp 1,700 on expectations of higher nine-month earnings. The<br>\nbank is expected to announce its earnings results later this<br>\nmonth.<\/p>\n<p>Dealers said they expect the market to trade higher on<br>\nThursday on further buying in blue chips.<\/p>\n<p>Meanwhile, the rupiah ended lower as market participants<br>\ncontinued to cover short dollar positions, dealers said.<\/p>\n<p>The dollar closed at Rp 9,050, up from its close Tuesday at<br>\n9,015.<\/p>\n<p>Dealers have been covering their dollar shorts to take profits<br>\nsince Tuesday following the U.S. unit's fall to a 16-week low<br>\nMonday.<\/p>\n<p>Dollar bids were also likely fueled by the greenback's rise<br>\nagainst the yen ahead of the U.S. Federal Reserve's meeting. -- Dow Jones<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/shares-end-at-record-high-on-wb-forecast-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}