Indonesia Stock Market: Support Expected At 6,100 Points

(RTTNews) - The Indonesia stock market on Friday snapped the two-day winning streak in which it had gathered more than 120 points or 2 percent. The Jakarta Composite Index now rests just above the 6,100-point plateau although it figures to bounce higher again on Monday.

The global forecast for the Asian markets is upbeat, with support expected from oil, technology and utility stocks. The European and U.S. markets were firmly higher and the Asian markets are tipped to open in similar fashion.

The JCI finished modestly lower on Friday as losses from the financial shares and cement companies were mitigated by support from the resource stocks.

For the day, the index lost 35.86 points or 0.58 percent to finish at 6,101.69 after trading between 6,090.60 and 6,166.31.

Among the actives, Bank Danamon Indonesia climbed 1.36 percent, while Bank Negara Indonesia surrendered 1.46 percent, Bank Central Asia dropped 1.95 percent, Bank Mandiri skidded 1.24 percent, Bank Rakyat Indonesia lost 0.77 percent, Indosat tanked 2.46 percent, Indocement retreated 1.20 percent, Semen Indonesia declined 1.97 percent, Indofood Suskes sank 0.77 percent, United Tractors tumbled 1.86 percent, Astra International fell 0.60 percent, Astra Agro Lestari soared 3.83 percent, Aneka Tambang jumped 1.95 percent, Vale Indonesia advanced 1.42 percent, Timah surged 4.53 percent, Bumi Resources plunged 3.39 percent and Bank CIMB Niaga was unchanged.
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