JAKARTA, July 10 Indonesian stocks rose more
than 2 percent on Thursday to a one-year high on expectations
that Jakarta Governor Joko "Jokowi" Widodo will be the next
president despite his rival's refusal to concede defeat after
At the opening, the Indonesia Stock Exchange index
climbed to 5,165.42, the highest since May 30, 2013.
Jokowi and ex-general Prabowo Subianto have both declared
themselves the winner based on contradictory "quick count"
results in the closest election ever in Southeast Asia's largest
"It seems like the market will rise in the next couple of
days, but it may not sustain the gain until there is an official
result from the KPU," said Jeffrosenberg Tan, a director at
Sinar Mas Asset Management, referring to Indonesia's election
(Reporting By Fransiska Nangoy; Editing by Randy Fabi and Alan