Indonesia Bourse Likely To Head South Again On Friday

(RTTNews) - The Indonesia stock market rebounded on Thursday, one session after it had ended the three-day winning streak in which it had advanced more than 70 points or 1.1 percent. The Jakarta Composite Index now rests just beneath the 6,290-point plateau although it's expected to move lower again on Friday.

The global forecast for the Asian markets is firmly negative on treasury yield and interest rate concerns. The European and U.S. markets were firmly in the red and the Asian bourses figure to follow that lead.

The JCI finished modestly higher on Thursday following gains from the resource stocks and mixed performances from the financials and cement companies.

For the day, the index advanced 38.59 points or 0.62 percent to finish at 6,289.65 after trading between 6,274.50 and 6,309.76.

Among the actives, Bank Danamon Indonesia skidded 1.52 percent, while Bank CIMB Niaga tanked 2.94 percent, Bank Central Asia slid 0.30 percent, Bank Mandiri tumbled 1.57 percent, Indosat added 0.44 percent, Telkom Indonesia was up 0.29 percent, Indocement eased 0.19 percent, Semen Indonesia gained 0.49 percent, Indofood Suskes rose 0.41 percent, United Tractors soared 4.88 percent, Astra International dropped 0.89 percent, Aneka Tambang perked 1.72 percent, Timah gathered 1.32 percent, Bumi Resources skyrocketed 10.17 percent and Bank Negara Indonesia, Bank Rakyat Indonesia, Astra Agro Lestari and Vale Indonesia were unchanged.
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