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Indonesia Bourse Draws Negative Lead

(RTTNews) - The Indonesia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had skyrocketed more than 600 points or 13 percent. The Jakarta Composite Index now rests just above the 4,465-point plateau and it's expected to extend its losses on Thursday.

The global forecast for the Asian markets suggests further consolidation on coronavirus concerns. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.

The JCI finished sharply lower on Wednesday following losses from the resource stocks and financial shares.

For the day, the index skidded 72.89 points or 1.61 percent to finish at 4,466.04 after trading between 4,445.14 and 4,627.42.

Among the actives, Bank Danamon Indonesia advanced 0.96 percent, while Bank Mandiri tumbled 1.50 percent, Bank Central Asia dropped 0.81 percent, Bank Negara Indonesia tanked 3.66 percent, Indosat fell 0.32 percent, Indocement retreated 2.60 percent, Semen Indonesia climbed 0.98 percent, Aneka Tambang plunged 3.11 percent, Vale Indonesia plummeted 6.02 percent, Timah was down 3.27 percent and Indofood Suskes and Bumi Resources were unchanged.
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