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Indonesia Stock Market May Extend Friday's Gains

(RTTNews) - The Indonesia stock market on Friday ended the two-day losing streak in which it had plummeted more than 350 points or 7 percent. The Jakarta Composite Index now sits just above the 5,015-point plateau and it may add to its winnings on Monday.

The global forecast for the Asian markets is fairly flat, although technology stocks may see further profit taking. The European and U.S. bourse were mixed but little changed on Friday and the Asian markets are tipped to follow suit.

The JCI finished sharply higher on Friday following gains from the financial shares and resource stocks.

For the day, the index surged 125.25 points or 2.56 percent to finish at the daily high of 5,016.71 after moving as low as 4,754.80.

Among the actives, Bank Mandiri collected 1.86 percent, while Bank CIMB Niaga jumped 2.72 percent, Bank Negara Indonesia spiked 4.06 percent, Indosat skyrocketed 8.17 percent, Indocement tanked 2.30 percent, Indofood Suskes accelerated 4.48 percent, Astra Agro Lestari soared 6.36 percent, Aneka Tambang rallied 4.73 percent, Vale Indonesia surged 4.66 percent, Timah climbed 3.35 percent and Semen Indonesia, Bank Danamon Indonesia and Bumi Resources were unchanged
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