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Mild Rebound Anticipated For Indonesia Bourse

(RTTNews) - The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 50 points or 1 percent. The Jakarta Composite Index now rests just beneath the 5,080-point plateau although it may bounce higher again on Monday.

The global forecast for the Asian markets is mixed to higher, with optimism for economic recovery tempered by renewed coronavirus concerns. The European and U.S. markets were mixed and the Asian bourses figure to follow suit.

The JCI finished modestly lower on Friday as losses from the financials were tempered by support from the resource stocks and a mixed picture from the cement companies.

For the day, the index fell 18.79 points or 0.37 percent to finish at 5,079.58 after trading between 5,073.56 and 5,110.43.

Among the actives, Bank Danamon Indonesia tumbled 1.79 percent, while Bank Mandiri retreated 1.90 percent, Bank Central Asia dropped 0.97 percent, Bank Negara Indonesia shed 0.64 percent, Indosat jumped 1.59 percent, Indocement spiked 1.67 percent, Semen Indonesia lost 0.53 percent, Indofood Suskes sank 1.13 percent, Aneka Tambang rallied 1.59 percent, Vale Indonesia rose 0.31 percent and Timah and Bumi Resources were unchanged.
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