Indonesian shares close 0.5 percent higher

JAKARTA, Feb 15, 2008 (AFP) – Jakarta share prices closed 0.5 percent higher Friday rebounding from morning losses after the government’s announcement of strong 2007 growth data, dealers said.

They said for 2007, the economy expanded 6.32 percent, the fastest for Indonesia since the Asian financial crisis 11 years ago. It remained below the pre-crisis level of 7.8 percent recorded in 1996.

The Jakarta Composite Index closed up 12.55 points at 2,688.19, rebounding from a low of 2,641.87 in early trade. Volume was 3.48 billion shares valued at 41.34 trillion rupiah (4.46 billion dollars). Decliners narrowly led gainers 86 to 84, with 73 stocks unchanged.