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Rally May Stall For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished higher in two straight sessions, gathering almost 35 points or 0.6 percent along the way. The Jakarta Composite Index now rests just above the 6,155-point plateau although it may run out of steam on Thursday.

The global forecast is soft thanks to ongoing melodrama regarding a possible trade agreement between the United States and China. The European and U.S. markets were down and the Asian bourses are tipped to follow suit.

The JCI finished slightly higher on Wednesday as losses from the resource and cement stocks were mitigated by support from the financial sector.

For the day, the index added 3.02 points or 0.05 percent to finish at 6,155.11 after trading between 6,123.58 and 6,167.41.

Among the actives, Bank Danamon Indonesia collected 0.51 percent, while Bank Mandiri shed 0.70 percent, Bank Central Asia added 0.55 percent, Bank Negara Indonesia gained 0.66 percent, Bank Rakyat Indonesia advanced 0.72 percent, Indosat dropped 0.94 percent, Indocement lost 0.88 percent, Semen Indonesia eased 0.20 percent, Indofood Suskes rose 0.63 percent, Bumi Resources skidded 1.30 percent, Aneka Tambang sank 1.20 percent, Vale Indonesia plunged 2.12 percent and Timah tumbled 1.88 percent.
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