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Mild Rebound Tipped For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had climbed almost 110 points or 1.8 percent. The Jakarta Composite Index now rests just above the 6,090-point plateau although it may inch higher again on Thursday.

The global forecast for the Asian markets is mixed and flat ahead of key U.S. employment data at the end of the week, while support from crude oil prices may nudge markets into the green. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.

The JCI finished modestly lower on Wednesday following losses from the cement companies and mixed performances from the financials and resource stocks.

For the day, the index dropped 59.37 points or 0.97 percent to finish at 6,090.93 after trading between 6,089.23 and 6,169.06.

Among the actives, Bank Danamon Indonesia skyrocketed 9.79 percent, while Bank CIMB Niaga tumbled 1.98 percent, Bank Negara Indonesia surrendered 1.39 percent, Bank Central Asia collected 0.23 percent, Bank Mandiri retreated 1.64 percent, Bank Rakyat Indonesia lost 1.02 percent, Indosat skidded 1.19 percent, Indocement skidded 1.33 percent, Semen Indonesia tanked 2.43 percent, Indofood Suskes rallied 2.83 percent, United Tractors eased 0.12 percent, Astra International shed 0.96 percent, Astra Agro Lestari jumped 1.78 percent, Vale Indonesia dropped 0.99 percent, Timah declined 1.64 percent, Energi Mega Persada sank 0.91 percent and Bumi Resources and Aneka Tambang were unchanged.
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