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Indonesia Bourse May Head South Again On Tuesday

(RTTNews) - The Indonesia stock market on Monday snapped the two-day slide in which it had stumbled almost 45 points or 0.8 percent. The Jakarta Composite Index now rests just above the 5,060-point plateau although it may see renewed consolidation on Tuesday.

The global forecast for the Asian markets is mixed to lower, with technology stocks expected to weigh heavily - while growing coronavirus concerns add to the negative sentiment. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.

The JCI finished modestly higher on Monday following gains from the resource stocks and financial shares, while the cement companies were mixed.

For the day, the index gained 33.19 points or 0.66 percent to finish at 5,064.45 after trading between 5,024.93 and 5,075.10.

Among the actives, Bank Danamon Indonesia collected 1.07 percent, while Bank Mandiri climbed 1.45 percent, Bank Central Asia shed 0.40 percent, Bank Negara Indonesia jumped 1.71 percent, Indosat added 0.39 percent, Indocement rose 0.22 percent, Semen Indonesia sank 0.80 percent, Indofood Suskes advanced 1.15 percent, United Tractors soared 3.21 percent, Aneka Tambang rallied 4.65 percent, Vale Indonesia skyrocketed 7.44 percent, Timah surged 5.60 percent and Bumi Resources was unchanged.
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