Lower Open Predicted For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished higher in two straight sessions, advancing more than 40 points or 0.9 percent along the way. The Jakarta Composite Index now sits just beneath the 4,550-point plateau although it may turn lower on Wednesday.

The global forecast for the Asian markets suggests profit taking after multiple sessions of gain, as well as ongoing concerns over the lingering effects of Covid-19. The European and U.S. markets were down and the Asian bourses are tipped to follow in similar fashion.

The JCI finished modestly higher on Tuesday following gains from the resource stocks, weakness from the cement companies and a mixed picture from the financial shares.

For the day, the index rose 37.60 points or 0.83 percent to finish at 4,548.66 after trading between 4,519.51 and 4,609.04.

Among the actives, Bank Danamon Indonesia climbed 1.30 percent, while Bank Mandiri jumped 3.76 percent, Bank Central Asia tumbled 1.78 percent, Bank Negara Indonesia soared 5.71 percent, Indosat skidded 1.48 percent, Indocement dropped 0.93 percent, Semen Indonesia retreated 1.16 percent, Indofood Suskes accelerated 3.85 percent, Vale Indonesia gained 1.72 percent, Timah rose 0.87 percent and Bumi Resources and Aneka Tambang were unchanged.
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