Indonesia Stock Market May Be Stuck In Neutral

(RTTNews) - The Indonesia stock market has finished higher in three straight sessions, advancing more than 180 points or 3 percent along the way. The Jakarta Composite Index now rests just beneath the 6,135-point plateau although it's expected to open under pressure on Wednesday.

The global forecast for the Asian markets is negative on continuing concerns over the trade dispute between the United States and China. The European markets were mixed and the U.S. markets were down and the Asian bourses are also tipped to open in the red.

The JCI finished barely higher on Tuesday following gains from the cement stocks, weakness from the resource companies and a mixed picture from the financials.

For the day, the index added 3.84 points or 0.06 percent to finish at 6,133.90 after trading between 6,107.64 and 6,148.37.

Among the actives, Bank Danamon Indonesia skidded 1.06 percent, while Bank Mandiri climbed 1.06 percent, Bank Central Asia shed 0.78 percent, Bank Rakyat Indonesia dropped 0.95 percent, Indosat fell 0.33 percent, Indocement jumped 1.61 percent, Semen Indonesia gained 1.52 percent, Indofood Suskes lost 0.63 percent, Bumi Resources plummeted 6.94 percent, Aneka Tambang retreated 1.90 percent, Vale Indonesia plunged 1.61 percent, Timah declined 0.68 percent and Bank Negara Indonesia was unchanged.
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