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Higher Open Tipped For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has climbed higher in three straight sessions, collecting more than 90 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 5,230-point plateau and it's got a firm lead again for Thursday's trade.

The global forecast for the Asian markets is upbeat on hopes for a coronavirus treatment, with technology stocks also expected to fuel support. The European and U.S. markets were sharply higher and the Asian bourses are also tipped to open in the green.

The JCI finished modestly higher on Wednesday as gains from the financial shares and cement stocks were capped by weakness from the resource companies.

For the day, the index rallied 43.29 points or 0.83 percent to finish at 5,233.45 after trading between 5,178.46 and 5,235.52.

Among the actives, Bank Mandiri spiked 2.93 percent, while Bank CIMB Niagara collected 2.55 percent, Bank Negara Indonesia skyrocketed 7.22 percent, Indosat shed 0.83 percent, Indocement rose 0.21 percent, Semen Indonesia rallied 2.60 percent, United Tractors plunged 3.09 percent, Astra Agro Lestari tumbled 1.72 percent, Aneka Tambang plummeted 3.75 percent, Vale Indonesia sank 2.21 percent, Timah retreated 2.56 percent and Bank Danamon Indonesia, Indofood Suskes and Bumi Resources were unchanged.
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