Higher Open Predicted For Indonesia Stock Market

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, sliding almost 140 points or 2.3 percent along the way. The Jakarta Composite Index now rests just above the 6,110-point plateau although it's expected to find support on Wednesday.

The global forecast for the Asian markets is broadly positive, mainly on bargain hunting after heavy selling in previous sessions. The European and U.S. bourses were firmly higher and the Asian markets are expected to open in similar fashion.

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

For the day, the index lost 22.02 points or 0.36 percent to finish at 6,111.18 after trading between 6,065.12 and 6,112.83.

Among the actives, Bank Danamon Indonesia skidded 1.33 percent, while Bank Mandiri added 0.32 percent, Bank Central Asia sank 0.73 percent, Bank Negara Indonesia collected 0.34 percent, Bank Rakyat Indonesia shed 0.65 percent, Indosat jumped 1.79 percent, Indocement dropped 1.08 percent, Semen Indonesia gained 0.40 percent, Bumi Resources skyrocketed 9.80 percent, Vale Indonesia rose 0.31 percent, Timah was up 0.68 percent and Indofood Suskes and Aneka Tambang were unchanged.
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