Indonesian shares hovered near a two-week high on Friday, posting the best weekly gain in more than two months, amid expectations of a cut in fuel subsidy, Reuters reported. Most other share markets in Southeast Asia also edged higher in line with the rest of Asia. Jakarta’s composite index (JCI) which tracks 30 large-cap stocks, was up 0.7 percent at 5,246.25, the highest since Sept. 9. The index has gained 2 percent so far on the week, the biggest since the week ended July 11.Among the actively traded stocks, retailer Matahari Putra Prima and Bank Rakyat Indonesia each rose almost …read more
Source: The Jakarta Post
