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Indonesia Shares Tipped To See Continued Support On Thursday

(RTTNews) - The Indonesia stock market on Wednesday snapped the two-day losing streak in which it had retreated more than 130 points or 3 percent. The Jakarta Composite Index now sits just above the 4,565-point plateau and it's looking at another green light for Thursday's trade.

The global forecast for the Asian markets is positive, supported by a rebound in crude oil prices and stimulus hopes. The European and U.S. markets were sharply higher and the Asian bourses also figure to open in the green.

The JCI finished sharply higher on Wednesday following big gains from the cement stocks and telecoms, while the financials and resource stocks were mixed.

For the day, the index jumped 65.64 points or 1.46 percent to finish at 4,567.56 after trading between 4,441.09 and 4,580.68.

Among the actives, Bank Danamon Indonesia spiked 2.69 percent, while Bank Mandiri accelerated 3.22 percent, Bank Central Asia dipped 0.29 percent, Bank Negara Indonesia eased 0.25 percent, Indosat soared 10.76 percent, Indocement surged 6.54 percent, Semen Indonesia skyrocketed 16.95 percent, Indofood Suskes rose 0.40 percent, Aneka Tambang jumped 2.07 percent, Vale Indonesia tumbled 1.65 percent, Timah gained 0.88 percent and Bumi Resources was unchanged.
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