Indonesia Shares Likely To Remain Rangebound

(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 more than 80 points or 1.3 percent. The Jakarta Composite Index now rests just above the 6,150-point plateau and it may tick lower again on Wednesday.

The global forecast for the Asian markets is mixed to lower, with tech shares offering mild support against pessimism regarding a trade deal between the United States and China - as well as plummeting crude oil prices. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

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

For the day, the index rose 29.46 points or 0.48 percent to finish at the daily high of 6,152.09 after moving as low as 6,113.33.

Among the actives, Bank Danamon Indonesia dropped 1.01 percent, while Bank Mandiri spiked 2.51 percent, Bank Central Asia collected 0.56 percent, Bank Negara Indonesia accelerated 2.36 percent, Bank Rakyat Indonesia jumped 1.70 percent, Indosat climbed 1.27 percent, Indocement and Timah both gathered 1.52 percent, Semen Indonesia shed 0.60 percent, Indofood Suskes slid 0.31 percent, Bumi Resources skidded 1.28 percent, Aneka Tambang soared 1.83 percent and Vale Indonesia rose 0.30 percent.
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