Indonesia Shares Tipped To Open Under Pressure

(RTTNews) - The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped almost 50 points or 1 percent. The Jakarta Composite Index now rests just above the 5,145-point plateau although it's expected to sink again on Friday.

The global forecast for the Asian markets is negative on disappointing economic data and sliding oil prices. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion.

The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies.

For the day, the index gained 34.82 points or 0.68 percent to finish at 5,145.01 after trading between 5,110.22 and 5,162.98.

Among the actives, Bank Mandiri surged 5.07 percent, while Bank Central Asia added 0.32 percent, Bank Negara Indonesia collected 0.86 percent, Indosat shed 0.39 percent, Indocement climbed 1.02 percent, Semen Indonesia tumbled 1.56 percent, Indofood Suskes gained 0.75 percent, Aneka Tambang gained 0.73 percent, Vale Indonesia sank 1.22 percent, Timah lost 0.72 percent and Bank Danamon Indonesia and Bumi Resources were unchanged.
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