Indonesia Stock Market Called Lower On Tuesday

(RTTNews) - The Indonesia stock market on Monday snapped the two-day slide in which it had fallen almost 75 points or 1.5 percent. The Jakarta Composite Index now sits just above the 5,125-point plateau although it figures to see renewed selling pressure again on Tuesday.

The global forecast for the Asian markets is soft on doubts for stimulus to combat the rising number of coronavirus cases. The European and U.S. markets were down and the Asian bourses are expected to follow suit.

The JCI finished modestly higher on Monday following gains from the financial shares and resource stocks.

For the day, the index gained 22.92 points or 0.45 percent to finish at 5,126.33 after trading between 5,090.78 and 5,128.65.

Among the actives, Bank Danamon Indonesia advanced 0.83 percent, while Bank Mandiri rallied 2.24 percent, Bank CIMB Niaga climbed 1.32 percent, Bank Negara Indonesia perked 1.66 percent, Bank Rakyat Indonesia collected 0.92 percent, Bank Central Asia spiked 2.43 percent, Astra International was up 1.42 percent, Indosat gained 0.98 percent, Indocement added 0.85 percent, Indofood Suskes gathered 1.06 percent, Astra Agro Lestari skidded 1.14 percent, Aneka Tambang skyrocketed 12.23 percent, Vale Indonesia soared 4.04 percent, Timah surged 6.83 percent and Bukit Asam, Semen Indonesia and Bumi Resources were unchanged.
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