Higher Open Called For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has moved higher in two straight sessions, although it has gathered just eight points or 0.2 percent in that span. The Jakarta Composite Index now rests just above the 6,290-point plateau and it's got another positive lead for Monday's trade.

The global forecast for the Asian markets is positive thanks to solid economic data from the world's largest economies. The European and U.S. markets were up on Friday and the Asian bourses are expected to follow that lead.

The JCI finished slightly higher on Friday as gains from the financial shares and cement companies were capped by weakness from the resource stocks.

For the day, the index gained 5.61 points or 0.09 percent to finish at 6,291.66 after trading between 6,266.93 and 6,301.48.

Among the actives, Bank Danamon Indonesia shed 0.75 percent, while Bank Mandiri spiked 2.32 percent, Bank Central Asia collected 0.36 percent, Bank Negara Indonesia advanced 0.97 percent, Bank Rakyat Indonesia climbed 1.31 percent, Indosat shed 0.73 percent, Indocement gained 0.67 percent, Semen Indonesia soared 3.21 percent, Indofood Suskes gathered 0.92 percent, Bumi Resources plunged 2.94 percent, Aneka Tambang lost 0.59 percent, Vale Indonesia sank 0.85 percent and Timah was unchanged.
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