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Rally May Stall For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has climbed higher in back-to-back trading days, advancing almost 180 points or 3 percent along the way. The Jakarta Composite Index now rests just above the 6,130-point plateau although it may be stuck in neutral on Tuesday.

The global forecast for the Asian markets is negative as soft data stoked fears for the health of the world economy. The European and U.S. markets were down and the Asian bourses are predicted to open in similar fashion.

The JCI finished sharply higher on Monday following gains from the financial shares, cement companies and resource stocks.

For the day, the index soared 118.23 points or 1.97 percent to finish at the daily high of 6,130.06 after trading as low as 6,023.01.

Among the actives, Bank Danamon Indonesia spiked 2.17 percent, while Bank Mandiri jumped 1.79 percent, Bank Central Asia accelerated 2.31 percent, Bank Negara Indonesia collected 0.67 percent, Bank Rakyat Indonesia jumped 2.93 percent, Indosat soared 5.24 percent, Indocement gained 3.99 percent, Semen Indonesia rose 0.87 percent, Indofood Suskes added 0.63 percent, Bumi Resources skyrocketed 10.77 percent, Aneka Tambang surged 5.33 percent, Vale Indonesia was up 3.67 percent and Timah perked 4.96 percent.
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