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Higher Open Predicted For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Friday snapped the two-day slide in which it had retreated more than 225 points or 5.1 percent. The Jakarta Composite Index now sits just above the 4,630-point plateau and it's got another green light for Monday.

The global forecast for the Asian markets is upbeat on rising hopes for a coronavirus treatment. The European and U.S. markets were sharply higher on Friday and the Asian markets are tipped to open in similar fashion.

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

For the day, the index soared 154.21 points or 3.44 percent to finish at 4,634.82 after trading between 4,480.89 and 4,637.24.

Among the actives, Bank Danamon Indonesia spiked 7.66 percent, while Bank Mandiri jumped 4.04 percent, Bank Central Asia collected3.53 percent, Bank Negara Indonesia climbed 4.52 percent, Indosat soared 8.51 percent, Indocement added 2.09 percent, Semen Indonesia tumbled 2.63 percent, Indofood Suskes advanced 3.31 percent, Aneka Tambang accelerated 2.97 percent, Vale Indonesia skyrocketed 9.17 percent, Timah gained 2.08 percent and Bumi Resources was unchanged.
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