No Help Yet For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, sinking more than 140 points or 2.9 percent along the way. The Jakarta Composite Index now sits just beneath the 4,920-point plateau and it's called lower again on Thursday.

The global forecast for the Asian markets is soft with technology stocks expected to continue their roller coaster ride, this time to the downside. A rising number of coronavirus cases adds to the negative sentiment. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.

The JCI finished modestly lower on Wednesday following losses from the financial shares and cement companies, while the resource stocks came in mixed.

For the day, the index fell 16.14 points or 0.33 percent to finish at 4,917.96 after trading between 4,873.02 and 4,984.24.

Among the actives, Bank Danamon Indonesia tanked 2.24 percent, while Bank Mandiri tumbled 1.89 percent, Bank CIMB Niaga shed 0.58 percent, Bank Negara Indonesia plummeted 2.64 percent, Indosat plunged 2.25 percent, Indocement retreated 2.32 percent, Semen Indonesia skidded 1.39 percent, Indofood Suskes declined 1.33 percent, United Tractors jumped 1.42 percent, Astra International lost 0.86 percent, Astra Agro Lestari surrendered 1.69 percent, Aneka Tambang spiked 2.04 percent, Vale Indonesia sank 2.14 percent, Timah gained 0.60 percent and Bumi Resources was unchanged.
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