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Indonesian shares higher in early trade on Wall Street rise


Published : Wed, 14 Nov 2007 03:46
By : Agencies
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JAKARTA (Thomson Financial) - Indonesian shares were higher in early trade Wednesday, led by big-cap stocks as Wall Street's sharp gains overnight prompted a rebound from two days of sell-offs.

'The market is basically supported by the positive trend on Wall Street and regional markets,' said Samuel Sudeswanto Yeung, an analyst at Sinarmas Sekuritas.

At 9.50 am (0250 GMT), the composite index was up 22.40 points or 0.8 percent at 2,676.61.

(1 US dollar = 9,178 rupiah)

aloysius.bhui@thomson.com

ab/jm

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