Spiga

Indonesia Shares +1.2%; Adaro Still Leads

Forex News: Indonesia shares midday +1.2% at 2240.331 in moderate volume on bargain buying, with good debut for coal miner Adaro Energy (ADRO.JK) improving sentiment on local bourse; resistance still at 2260. "Bargain buying by foreign funds in bank and telecommunication stocks has also driven the main index higher," says trader. Adaro +59% at IDR1,750 in moderate volume of 128 million shares. Other top gainers include coal miner Bukit Asam (PTBA.JK), +1.4%, heavyweight Telkom (TLKM.JK), +2.2% at IDR7,100, and Bank Rakyat (BBRI.JK), +2.9% at IDR5,350 on bargain buying




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