IDX almost reached record high

The composite index of Indonesia Stock Exchange (IDX) advanced further by 1.1% to 2805 this morning, the highest level in the past two years, but yet to cross the record high in January 2008 at 2830.

IDX gained 93% last year on rupiah basis, but over 100% on USD. In the first three months of 2010, IDX gained another 10.7%. Astra International (ASII) gained another 3.95% this morning to extend its lead over Telkom (TLKM) by Rp10.5 trillion. Astra currently has market capitalization of Rp175.9 trillion or about US$19.3 billion.

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