Indonesia Shares Up 0.6 Percent

(News Today) - Indonesia shares up 0.6% at 2958.754 in moderate volume, tracking broad gains in Asian markets, hopes for many companies to report strong 1first half (1H) earnings, traders say.

“Buying in bank and commodity-related stocks has driven the main index higher despite selling by retail investors,“ says trader at Valbury Securities.

Coal miner Bumi (BUMI.JK) up 2.2% at IDR1,900 after reporting its 1H coal sales up 21% on-year, while Bank Mandiri (BMRI.JK) up 2.5% at IDR6,050 on hopes for strong 1H earnings.

Source : kompas

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