Indonesia Stock Market Poised To Continue Winning Streak

(RTTNews) - The Indonesia stock market has moved higher in consecutive trading days, surging almost 290 points or 5 percent along the way. The Jakarta Composite Index now rests just above the 5,650-point plateau and it's predicted to open higher again on Thursday.

The global forecast for the Asian markets is upbeat on optimism over the political landscape in the United States. The European and U.S. markets were up and the Asian bourses figure to follow suit.

The JCI finished sharply higher on Wednesday following gains from the financial shares, resource stocks and cement companies.

For the day, the index soared 131.51 points or 2.38 percent to finish at 5,650.14 after trading between 5,516.81 and 5,651.85.

Among the actives, Bank Mandiri jumped 3.82 percent, while Bank Central Asia climbed 1.90 percent, Bank Negara Indonesia advanced 2.21 percent, Bank Rakyat Indonesia collected 2.93 percent, Indosat accelerated 4.63 percent, Indocement skyrocketed 10.50 percent, Semen Indonesia gained 2.52 percent, Indofood Suskes rose 0.70 percent, Aneka Tambang soared 2.44 percent, Vale Indonesia fell 0.37 percent, Timah surged 5.00 percent and Bank Danamon Indonesia and Bumi Resources were unchanged.
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