Indonesia Stock Market May Snap Losing Streak

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, sliding almost 115 points or 2 percent along the way. The Jakarta Composite Index now rests just above the 6,180-point plateau although it may stop the bleeding on Tuesday.

The global forecast for the Asian markets is upbeat on growing optimism that a trade deal between the United States and China will soon be reached. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.

The JCI finished modestly lower on Monday as the financial shares and resource stocks were mostly in the red.

For the day, the index sank 26.85 points or 0.43 percent to finish at the daily low of 6,180.34 after peaking at 6,242.08.

Among the actives, Bank Danamon Indonesia surged 4.13 percent, while Bank Mandiri skidded 1.43 percent, Bank Central Asia sank 0.79 percent, Bank Negara Indonesia shed 0.65 percent, Bank Rakyat Indonesia lost 0.48 percent, Indosat fell 0.31 percent, Indocement tumbled 3.90 percent, Semen Indonesia dropped 0.78 percent, Indofood Suskes added 0.65 percent, Bumi Resources dropped 1.20 percent, Aneka Tambang retreated 1.75 percent, Vale Indonesia eased 0.28 percent and Timah accelerated 1.84 percent.
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