Higher Open Expected For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished higher in four straight sessions, climbing almost 80 points or 1.4 percent along the way. The Jakarta Composite Index now rests just shy of the 6,330-point plateau and it's expected to find additional support on Monday.

The global forecast for the Asian markets suggests continued if mild upward momentum based more on inertia than anything else until next year. The European markets were slightly higher on Friday and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference.

The JCI finished slightly higher on Friday following mixed performances from the financial shares and resource stocks.

For the day, the index rose 9.87 points or 0.16 percent to finish at 6,329.31 after trading between 6,312.38 and 6,337.34.

Among the actives, Bank Danamon Indonesia dropped 0.98 percent, while Bank Mandiri shed 0.64 percent, Bank Central Asia added 0.22 percent, Bank Negara Indonesia lost 0.31 percent, Bank Rakyat Indonesia collected 0.45 percent, Semen Indonesia sank 0.81 percent, Indofood Suskes jumped 1.60 percent, Bumi Resources rumbled 2.94 percent, Aneka Tambang shed 0.60 percent, Vale Indonesia skidded 1.40 percent and Timah, Indosat and Indocement were unchanged.
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