Share prices higher on Jakarta Stock Exchange

JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) was brighter yesterday with the broad-based Composite Index strengthening to 465.28 from 461.72 on Wednesday.

The narrow-based GTDBS-50 Index also slightly increased to 108.45 from 107.64.

Trading volume slightly rose to 29.95 million shares worth Rp 121.25 billion (US$56.4 million) from 28.46 million shares valued at Rp 117.56 billion.

Wednesday's delisting of three companies apparently did not affect yesterday's trading, a broker said.

The companies recording sharp increases yesterday included Andayani Megah (+Rp 375), Barito Pacific Timber (+Rp 650), Bakrie & Brothers (+Rp 200), Ciputra Development (+Rp 200), HM Sampoerna (+Rp 400), Goodyear Indonesia (+Rp 300), Modern Photo (+Rp 550), and Sumalindo Lestari Jaya (+Rp 400).

Among top loser were Bank Umum Nasional (-Rp 225), Kabel Metal Indonesia (-Rp 400), Matahari Putra Prima (-Rp 350), Panin Insurance (-Rp 600), Semen Gresik (-Rp 300) and Unilever Indonesia (-Rp 1,300).

A total of 14.31 million shares changed hands at Rp 61.33 billion on the regular board and 1.30 million shares at Rp 4.16 billion on the block sale board.

The odd lot and cash trading boards recorded no transactions yesterday,

The crossing board posted trading of 13.17 million shares at Rp 52.03 billion and the foreign board 1.15 million shares at Rp 3.73 billion. The odd lot and cash trading boards recorded no transactions. (fhp)