Higher Open Called For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Tuesday wrote a finish to the three-day slide in which it had fallen more than 150 points or 2.8 percent. The Jakarta Composite Index now rests just above the 5,220-point plateau and it's looking at another green light for Wednesday's trade.

The global forecast for the Asian markets is cautiously optimistic amidst continued volatility, thanks to hopes for economic stimulus to combat the coronavirus outbreak. The European markets were down and the U.S. bourses were up and the Asian markets figure to at least open higher but are likely in for another wild ride.

The JCI finished sharply higher on Tuesday following gains from the financial shares and the resource stocks.

For the day, the index jumped 84.02 points or 1.64 percent to finish at 5,220.83 after trading between 5,149.45 and 5,278.42.

Among the actives, Bank Danamon Indonesia shed 0.71 percent, while Bank Mandiri spiked 4.56 percent, Bank Central Asia jumped 2.42 percent, Bank Negara Indonesia collected 0.44 percent, Bank Rakyat Indonesia accelerated 4.27 percent, Indosat climbed 3.00 percent, Indocement advanced 1.10 percent, Semen Indonesia fell 0.26 percent, Indofood Suskes perked 5.88 percent, Aneka Tambang rose 3.60 percent, Vale Indonesia surged 4.04 percent, Timah soared 3.77 percent and Bumi Resources was unchanged.
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