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Rebound Anticipated For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Monday ended the two-day winning streak in which it had collected almost 25 points or 0.4 percent. The Jakarta Composite Index now sits just beneath the 5,965-point plateau although it's likely to bounce higher again on Tuesday.

The global forecast for the Asian markets is mostly positive on optimism for earnings - especially tech shares - although coronavirus concerns in India may cap the upside. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to follow suit.

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

For the day, the index dropped 52.04 points or 0.86 percent to finish at 5,964.82 after trading between 5,955.62 and 6,027.75.

Among the actives, Bank Danamon Indonesia sank 0.76 percent, while Bank CIMB Niaga shed 0.50 percent, Bank Negara Indonesia lost 0.87 percent, Bank Central Asia tumbled 1.64 percent, Bank Mandiri tanked 2.85 percent, Bank Rakyat Indonesia plunged 2.59 percent, Indosat climbed 1.16 percent, Indocement dropped 0.98 percent, Semen Indonesia jumped 1.20 percent, Indofood Suskes declined 1.11 percent, United Tractors dipped 0.23 percent, Astra Agro Lestari retreated 1.59 percent, Aneka Tambang soared 3.02 percent, Vale Indonesia surged 3.86 percent, Timah spiked 2.53 percent, Bumi Resources surrendered 1.54 percent and Astra International was unchanged.
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