Indonesia Stock Market May Extend Winning Streak

(RTTNews) - The Indonesia stock market has finished higher in back-to-back trading days, gathering almost 50 points or 1 percent along the way. The Jakarta Composite Index now rests just beneath the 5,080-point plateau and it may add to its winnings on Wednesday.

The global forecast for the Asian markets is mixed to higher, with rising coronavirus concerns offset by optimism for further stimulus. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The JCI finished modestly higher on Tuesday as gains from the food and cement stocks were limited by weakness from the resource companies and a mixed picture from the financial sector.

For the day, the index advanced 14.68 points or 0.29 percent to finish at the daily high of 5,079.12 after trading as low as 5,053.72.

Among the actives, Bank Mandiri advanced 0.95 percent, while Bank Central Asia collected 0.40 percent, Bank Negara Indonesia shed 0.63 percent, Indosat sank 0.78 percent, Indocement added 0.43 percent, Semen Indonesia soared 3.21 percent, Indofood Suskes rose 0.38 percent, Aneka Tambang plunged 2.22 percent, Vale Indonesia tumbled 2.11 percent, Timah plummeted 2.27 percent and Bank Danamon Indonesia and Bumi Resources were unchanged.
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