Indonesia Bourse May Spin Its Wheels On Friday

(RTTNews) - The Indonesia stock market has finished higher in four straight sessions, collecting more than 95 points or 1.9 percent along the way. The Jakarta Composite Index now rests just beneath the 5,240-point plateau although it may be stuck in neutral on Friday.

The global forecast for the Asian markets suggests mild consolidation on concerns over coronavirus stimulus and falling oil prices. The European markets were down and the U.S. bourses were mixed and the Asian markets also figure to open in the red.

The JCI finished slightly higher on Thursday as gains from the food and cement stocks were capped by weakness from the financials and resource companies.

For the day, the index rose 5.80 points or 0.11 percent to finish at 5,239.25 after trading between 5,218.41 and 5,279.35.

Among the actives, Bank Mandiri tumbled 1.63 percent, while Bank CIMB Niaga skidded 1.24 percent, Bank Negara Indonesia dropped 0.98 percent, Indosat surged 5.02 percent, Semen Indonesia sank 1.27 percent, Indofood Suskes spiked 2.48 percent, United Tractors retreated 0.96 percent, Astra Agro Lestari jumped 1.50 percent, Vale Indonesia gained 0.56 percent, Timah was down 0.66 percent and Bumi Resources, Aneka Tambang, Bank Danamon Indonesia and Indocement were unchanged.
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