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Higher Open Expected For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had fallen almost 55 points or 0.9 percent. The Jakarta Composite Index now rests just above the 6,030-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is positive, although upside from the technology stocks may be tempered by weakness from the oil companies. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The JCI finished modestly higher on Friday following mixed performances from the financial shares, resource stocks and cement companies.

For the day, the index gained 38.45 points or 0.64 percent to finish at the daily high of 6,030.77 after moving as low as 5,938.41.

Among the actives, Bank Danamon Indonesia shed 0.45 percent, Bank Negara Indonesia accelerated 2.36 percent, Bank Mandiri collected 0.85 percent, Bank Rakyat Indonesia climbed 1.29 percent, Indosat surged 6.97 percent, Indocement added 0.68 percent, Semen Indonesia spiked 3.02 percent, Indofood Suskes skidded 1.20 percent, United Tractors retreated 1.55 percent, Astra International sank 0.97 percent, Astra Agro Lestari dropped 0.90 percent, Aneka Tambang rose 0.44 percent, Vale Indonesia declined 1.61 percent, Timah tumbled 1.73 percent, Energi Mega Persada rallied 2.86 percent and Bumi Resources, Bank CIMB Niaga, Bank Central Asia, Jasa Marga and Perusahaan Gas Negara were unchanged.
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