Lower Open Called For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Thursday halted the two-day winning streak in which it had gathered almost 35 points or 0.6 percent. The Jakarta Composite Index now rests just above the 6,155-point plateau and the losses may accelerate on Friday.

The global forecast for the Asian markets is soft on continued concerns over the prospects for a trade deal between the United States and China. The European and U.S. markets were down and the Asian markets are expected to follow suit.

The JCI finished modestly lower on Thursday following mixed performances from the financial shares, resource stocks and cement companies.

For the day, the index lost 37.75 points or 0.61 percent to finish at 6,117.36 after trading between 6,099.57 and 6,137.27.

Among the actives, Bank Danamon Indonesia shed 0.76 percent, while Bank Mandiri climbed 1.06 percent, Bank Central Asia lost 0.79 percent, Bank Negara Indonesia collected 0.65 percent, Indosat plunged 3.17 percent, Indofood Suskes and Indocement both fell 0.63 percent, Semen Indonesia added 0.40 percent, Bumi Resources dropped 1.32 percent, Aneka Tambang retreated 1.21 percent, Vale Indonesia soared 3.10 percent and Timah and Bank Rakyat Indonesia were unchanged.