Indonesia Stock Market May Run Out Of Steam On Wednesday

(RTTNews) - The Indonesia stock market has climbed higher in three straight, collecting more than 70 points or 1.1 percent along the way. The Jakarta Composite Index now rests just above the 6,270-point plateau although the rally is likely to stall on Wednesday.

The global forecast for the Asian markets is mixed and flat, with oil and technology stocks likely to continue to weigh. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead.

The JCI finished modestly higher again on Tuesday following mixed performances from the financial shares and resource stocks.

For the day, the index gained 17.50 points or 0.28 percent to finish at 6,272.81 after trading between 6,241.95 and 6,279.14.

Among the actives, Bank Danamon Indonesia tumbled 1.90 percent, while Bank CIMB Niaga shed 0.52 percent, Bank Negara Indonesia collected 0.42 percent, Bank Central Asia added 0.52 percent, Bank Mandiri fell 0.78 percent, Indosat tanked 3.33 percent, Telkom Indonesia skyrocketed 9.46 percent, Indocement skidded 1.12 percent, Semen Indonesia was down 0.71 percent, United Tractors lost 0.54 percent, Astra International rose 0.44 percent, Astra Agro Lestari was down 0.45 percent, Aneka Tambang slipped 0.34 percent, Vale Indonesia advanced 0.78 percent, Timah sank 0.42 percent, Bumi Resources climbed 1.64 percent and Indofood Suskes and Bank Rakyat Indonesia were unchanged.
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