REPUBLIKA.CO.ID, BANGKOK - Indonesian stocks rose on Tuesday as battered large-caps rebounded ahead of the official results of the presidential election next week while commodity-related shares fell across the region amid weakness in crude oil markets. Shares of Bank Rakyat Indonesia and Kalbe Farma, which had been hit by profit-taking since Friday, saw good buying activity. The Jakarta composite index was up 0.5 percent at midday.

Optimism around a possible win for Jakarta Governor Joko "Jokowi" Widodo, seen as more market friendly, sent stocks to an over-13-month high a day after the election. Investors sold the overbought market on Friday and Monday as some caution remained over the vote count, with rival candidate former general Prabowo Subianto also announcing a victory.

 "We continue to suggest buying on weakness ahead of the KPU's (the General Elections Commission) official announcement on presidential election on July 22," analysts at broker Trimegah Securities wrote in a market strategy report.

Shares of palm plantation firms and energy companies were among the weak spots in Southeast Asia, with Malaysian palm oil futures falling to a more than nine-month low in line with weak oil prices. Indonesia's palm plantation firm Astra Agro Lestari hit a three-month low, Singapore's Keppel Corp pulled back after gains over the past three days and Thailand's PTT fell almost 1 percent at one point.

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