REPUBLIKA.CO.ID! BANGKOK - Stocks in Indonesia rose on Thursday as large cap banks recovered from recent losses, while shares of energy and palm plantation firms outperformed in Southeast Asia in line with strong crude and palm oil prices.
Jakarta's composite index closed up 0.7 percent, rebounding from around seven-week closing low hit on Wednesday. Shares of Bank Central Asia gained 2.8 percent and Bank Mandiri was up 1 percent. Both fell on Wednesday.
The market witnessed a net foreign outflow worth of 39.3 billion IDR (3.3 million USD) after Wednesday's net outflow worth 165 billion IDR (13.99 million USD), Thomson Reuters data showed.
Near term uncertainty related to the presidential election on July 9 weighed on Indonesian assets. The rupiah felt to its weakest in four-and-a-half months on Thursday.
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