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Additional Support Expected For Indonesia Shares

(RTTNews) - The Indonesia stock market has moved higher in three straight sessions, collecting more than 70 points or 1.6 percent along the way. The Jakarta Composite Index now sits just above the 4,565-point plateau and it's got a firm lead for Thursday's trade.

The global forecast for the Asian markets is broadly positive on optimism for a treatment for the Covid-19 virus. The European and U.S. markets were sharply higher and the Asian markets are tipped to open in the green.

The JCI finished modestly higher on Wednesday as gains from the cement and resource stocks were capped by a mixed performance from the financials.

For the day, the index advanced 37.77 points or 0.83 percent to finish at 4,567.32 after trading between 4,523.96 and 4,568.67.

Among the actives, Bank Mandiri plunged 3.61 percent, while Bank Central Asia collected 0.41 percent, Bank Negara Indonesia skidded 1.57 percent, Indosat skyrocketed 10.29 percent, Indocement spiked 4.74 percent, Semen Indonesia soared 5.76 percent, Indofood Suskes accelerated 3.09 percent, Aneka Tambang climbed 1.22 percent, Vale Indonesia jumped 1.28 percent, Timah rose 0.43 percent and Bank Danamon Indonesia and Bumi Resources were unchanged.
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