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Indonesia Bourse May Extend Winning Streak

(RTTNews) - The Indonesia stock market has climbed higher in three straight sessions, rising almost 100 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 5,985-point plateau and it's predicted to move to the upside again on Friday.

The global forecast for the Asian markets is upbeat on optimism for further resolution in the trade dispute between the United States and China. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The JCI finished slightly higher on Thursday as gains from the resource stocks were capped by weakness from the financial sector.

For the day, the index added 8.64 points or 0.14 percent to finish at 5,987.15 after trading between 5,969.48 and 6,013.70.

Among the actives, Bank Danamon Indonesia accelerated 3.76 percent, while Bank Central Asia collected 0.15 percent, Bank Negara Indonesia dropped 1.01 percent, Bank Rakyat Indonesia eased 0.22 percent, Indosat skidded 1.25 percent, Indocement plunged 3.92 percent, Semen Indonesia added 0.20 percent, Indofood Suskes shed 0.65 percent, Bumi Resources soared 3.92 percent, Aneka Tambang jumped 1.38 percent, Vale Indonesia rose 0.30 percent, Timah surged 4.96 percent and Bank Mandiri was unchanged.
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