Win Streak Expected To Continue For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished higher in four straight sessions, collecting more than 325 points or 5.2 percent along the way. The Jakarta Composite Index now rests just beneath the 6,400-point plateau and it's tipped to open higher again on Wednesday.

The global forecast for the Asian markets is mixed to higher on the back of strong crude oil gains. The European markets were down and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead.

The JCI finished slightly higher on Tuesday following mixed performances from the financials and resource stocks.

For the day, the index rose 12.73 points or 0.20 percent to finish at 6,395.67 after trading between 6,353.31 and 6,435.96.

Among the actives, Bank Danamon Indonesia skidded 1.16 percent, while Bank Mandiri climbed 1.46 percent, Bank CIMB Niaga shed 0.50 percent, Bank Negara Indonesia slid 0.38 percent, Bank Rakyat Indonesia collected 1.51 percent, Bank Central Asia lost 2.52 percent, Semen Indonesia advanced 0.83 percent, Indofood Suskes fell 0.37 percent, Telkom Indonesia tanked 2.50 percent, United Tractors retreated 1.22 percent, Astra Agro Lestari tumbled 1.77 percent, Aneka Tambang skyrocketed 7.36 percent, Vale Indonesia soared 3.60 percent, Timah spiked 3.14 percent, Bumi Resources plunged 2.53 percent and Astra International, Indosat and Indocement were unchanged.
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