Indonesia Bourse Tipped To Snap Losing Streak

(RTTNews) - The Indonesia stock market has finished lower in two straight sessions, sliding nearly 100 points or 1.6 percent along the way. The Jakarta Composite Index now rests just above the 6,165-point plateau although it may find support on Friday.

The global forecast for the Asian markets is upbeat on growing optimism for a trade deal between the United States and China. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The JCI finished modestly lower on Thursday following losses from the financial shares and a mixed performance from the resource companies.

For the day, the index lost 51.92 points or 0.84 percent to finish at 6,165.62 after trading between 6,119.42 and 6,235.64.

Among the actives, Bank Danamon Indonesia skidded 1.66 percent, while Bank Mandiri collected 0.36 percent, Bank Central Asia eased 0.16 percent, Bank Negara Indonesia climbed 1.33 percent, Bank Rakyat Indonesia plunged 3.85 percent, Indosat tumbled 1.76 percent, Indocement advanced 1.21 percent, Semen Indonesia gained 1.19 percent, Indofood Suskes retreated 1.59 percent, United Tractors sank 3.50 percent, Bumi Resources cratered 5.95 percent, Aneka Tambang shed 0.59 percent, Vale Indonesia added 1.11 percent and Timah lost 1.20 percent.
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