Dow Jones Newswire Indonesia Shares Likely Lower

0207 GMT [Dow Jones] Indonesia shares likely lower, hurt by weak IDR, Wall Street's fall. Main index likely in 1300-1320 band vs Monday's close of 1312.439, +1.2%. "I expect selling here won't be that massive," says trader; expects buying by local investors in shares of companies that likely to distribute healthy dividend payment to offset index's losses. Bank Mandiri (BMRI.JK), Bank Danamon (BDMN.JK) may fall on profit-taking, but coal miner Bukit Asam (PTBA.JK) may rise on hopes its would put aside 50% of 2008 net profit for dividend payment, as it usually does.

Dow Jones Newswire Indonesia Shares Likely Lower

0200 GMT [Dow Jones] Indonesia shares likely lower, weighed by DJIA's fall as Treasury Department's latest plan to bail out banks, revive lending, stimulate economic growth failed to restore investor confidence. Traders say weak IDR, absence of fresh leads from domestic economy should also inspire selling. Main index likely in 1300-1340 range vs yesterday's close at 1332.129, down 0.8%. "The main index could fall more than 1.5%," says analyst. Heavyweight Telkom (TLKM.JK), rival Indosat (ISAT.JK) may lead falls after ADRs in NY each down about 4%.