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Indonesia Shares Tipped To Bounce Higher On Monday

(RTTNews) - The Indonesia stock market on Friday ended the four-day winning streak in which it had advanced almost 100 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 5,350-point plateau although it's expected to rebound on Monday.

The global forecast for the Asian markets suggests mild upside on optimism for economic recovery, although a rising number of coronavirus cases may limit the upside. The European markets were down on Friday and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The JCI finished modestly lower on Friday following losses from the financial and food shares and mixed performances from the resource and cement stocks.

For the day, the index lost 24.81 points or 0.46 percent to finish at 5,346.66 after trading between 5,325.60 and 5,381.95.

Among the actives, Bank Danamon Indonesia shed 0.36 percent, while Bank Mandiri skidded 1.19 percent, Bank CIMB Niaga lost 0.58 percent, Bank Negara Indonesia dropped 0.94 percent, Indosat tumbled 2.06 percent, Indocement added 0.41 percent, Semen Indonesia dipped 0.23 percent, Indofood Suskes sank 0.65 percent, Astra Agro Lestari advanced 1.00 percent, Aneka Tambang soared 3.14 percent, Vale Indonesia retreated 1.31 percent, Timah surged 5.81 percent and Bumi Resources was unchanged.
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