Indonesian shares ended lower Tuesday on selling in select

Indonesian shares ended lower Tuesday on selling in select
blue chips as sentiment turned negative following falls in
several major regional equities markets, dealers said.

They added that earlier buying sentiment stemming from U.S.
markets' rebound Monday wasn't sustained.

The JSX Composite Index ended down 0.3 percent, or 1.307
points at 409.087, down from its intraday high of 415.885.

Volume was relatively light at 411 million shares valued at Rp
347 billion.

Monday, the Dow Jones Industrial Average rose 368.05 points,
or 4.5 percent to close at 8603.86, and the Nasdaq Composite
Index finished up 76.21 points, or 5.4 percent, at 1499.40.

He said growing concerns over possible retaliatory military
action by the U.S. over the Sept. 11 terrorist attacks
discouraged investors from maintaining buying positions.

Market bellwether Telekomunikasi Indonesia ended unchanged at
Rp 2,975, down from its intraday high of Rp 3,050.

International call operator Indosat lost 1.2 percent, or Rp
100, at Rp 8,050 on expectations that the government will delay
its Indosat stake sale plan to next year.

Cigarette maker Gudang Garam dropped 0.5 percent, or Rp 50, to
Rp 10,450, but its rival HM Sampoerna ended up 0.8 percent, or Rp
25, at Rp 3,325 on a modest technical rebound.

Cement maker Semen Gresik fell 1.3 percent, or Rp 100, at Rp
7,850 ahead of the government's plan to sell a further 51 percent
stake in Gresik to Mexico's Cemex SA.