Soft Start Predicted For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has moved higher in three straight sessions, gathering almost 140 points or 2.2 percent along the way. The Jakarta Composite Index now rests just above the 6,375-point plateau although it's expected to open under pressure on Thursday.

The global forecast for the Asian markets is mixed to lower thanks to renewed concerns over bond yields. The European markets were up and the U.S. bourses were down and the somewhat overbought Asian markets are tipped to follow the latter lead.

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

For the day, the index added 17.55 points or 0.28 percent to finish at 6,376.76 after trading between 6,334.24 and 6,394.45.

Among the actives, Bank Danamon Indonesia shed 0.63 percent, while Bank CIMB Niaga skyrocketed 12.56 percent, Bank Negara Indonesia sank 2.03 percent, Bank Central Asia eased 0.21 percent, Bank Rakyat Indonesia collected 1.74 percent, Indosat climbed 1.35 percent, Telkom Indonesia was down 0.58 percent, Indocement tanked 2.72 percent, Semen Indonesia retreated 3.21 percent, Indofood Suskes added 0.40 percent, United Tractors fell 0.55 percent, Astra International gained 1.79 percent, Astra Agro Lestari lost 0.68 percent, Aneka Tambang skidded 1.10 percent, Vale Indonesia advanced 0.85 percent, Timah dropped 0.98 percent, Bumi Resources declined 1.61 percent and Bank Mandiri and Energi Mega Persada were unchanged.
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