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Indonesia Stock Market May Find Traction On Thursday

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, sinking more than 75 points or 1.6 percent along the way. The Jakarta Composite Index now sits just above the 4,870-point plateau although it may stop the bleeding on Thursday.

The global forecast for the Asian markets is mixed, with coronavirus concerns offset by a surge in crude oil prices. The European markets were down and the U.S. bourses were up and the Asian markets figure to split the difference.

The JCI finished slightly lower on Wednesday following losses from the resource stocks and a mixed picture from the financial sector.

For the day, the index eased 9.06 points or 0.19 percent to finish at 4,870.04 after trading between 4,841.36 and 4,903.86.

Among the actives, Bank Danamon Indonesia dropped 0.91 percent, while Bank Mandiri tanked 2.27 percent, Bank CIMB Niaga collected 0.70 percent, Bank Negara Indonesia retreated 1.55 percent, Indosat skidded 1.49 percent, Indocement fell 0.24 percent, Semen Indonesia advanced 0.82 percent, Indofood Suskes spiked 2.14 percent, Astra Agro Lestari rallied 3.83 percent, Aneka Tambang sank 1.40 percent, Vale Indonesia tumbled 1.66 percent and Timah and Bumi Resources were unchanged.
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