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Indonesia Shares Poised To Accelerate On Tuesday

(RTTNews) - The Indonesia stock market on Monday halted the four-day losing streak in which it had surrendered almost 130 points or 3 percent. The Jakarta Composite Index now sits just above the 4,510-point plateau and it's expected to open higher again on Tuesday.

The global forecast for the Asian markets is broadly positive on optimism for a possible vaccine to counter the Covid-19 virus. The European and U.S. markets were sharply higher and the Asian bourses are tipped to follow suit.

The JCI finished barely higher on Monday following gains from the cement stocks, while the financial shares and resource companies were mixed.

For the day, the index rose 3.45 points or 0.08 percent to finish at 4,511.06 after trading between 4,487.18 and 4,527.97.

Among the actives, Bank Danamon Indonesia dropped 0.86 percent, while Bank Mandiri skidded 1.06 percent, Bank Central Asia shed 0.42 percent, Bank Negara Indonesia fell 0.30 percent, Indosat added 0.50 percent, Indocement climbed 1.41 percent, Semen Indonesia advanced 0.88 percent, Indofood Suskes sank 1.14 percent, Aneka Tambang gained 0.96 percent, Vale Indonesia rose 0.35 percent, Timah tumbled 0.87 percent and Bumi Resources was unchanged.
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