Indonesia Bourse May See Additional Support

(RTTNews) - The Indonesia stock market has finished higher in three straight sessions, rising almost 70 points or 1.2 percent along the way. The Jakarta Composite Index now rests just beneath the 6,300-point plateau and it may add to its winnings on Tuesday.

The global forecast for the Asian markets is upbeat on optimism ahead of the trade deal between the United States and China that is expected to be signed later this week. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The JCI finished modestly higher on Monday following gains from the financial shares and mixed performances from the cement and resource stocks.

For the day, the index collected 21.63 points or 0.34 percent to finish at 6,296.57 after trading between 6,269.48 and 6,297.78.

Among the actives, Bank Danamon Indonesia added 0.26 percent, while Bank Central Asia gained 0.30 percent, Bank Negara Indonesia collected 0.65 percent, Bank Rakyat Indonesia spiked 2.27 percent, Indosat climbed 1.38 percent, Indocement jumped 1.52 percent, Semen Indonesia fell 0.20 percent, Indofood Suskes skidded 1.21 percent, Bumi Resources accelerated 1.41 percent, Aneka Tambang retreated 1.69 percent, Vale Indonesia sank 1.42 percent, Timah lost 1.70 percent and Bank Mandiri was unchanged.
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