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Higher Open Called For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, sinking more than 170 points or 2.7 percent in that span. The Jakarta Composite Index now rests just beneath the 6,260-point plateau although it's due for support on Tuesday.

The global forecast for the Asian markets suggests mild upside, with tech and oil shares likely to lead the way. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to follow the latter lead.

The JCI finished modestly lower on Monday following losses from the telecoms and cement companies, while the financials and resource stocks were mixed.

For the day, the index dropped 48.56 points or 0.77 percent to finish at 6,258.57 after trading between 6,148.31 and 6,322.73.

Among the actives, Bank Danamon Indonesia tumbled 2.22 percent, while Bank Mandiri climbed 1.39 percent, Bank CIMB Niaga tanked 3.03 percent, Bank Negara Indonesia sank 0.80 percent, Bank Rakyat Indonesia collected 1.27 percent, Indosat skidded 1.83 percent, Telkom Indonesia slid 0.59 percent, Semen Indonesia dropped 3.09 percent, Astra International retreated 3.36 percent, Indofood Suskes shed 0.75 percent, Astra Agro Lestari plunged 4.08 percent, Aneka Tambang fell 0.35 percent, Vale Indonesia added 0.40 percent, Timah advanced 1.36 percent, Bumi Resources plummeted 6.06 percent and Indocement was unchanged.
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