Mild Rebound Anticipated For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Thursday snapped the two-day winning streak in which it had gathered almost 60 points or 0.9 percent. The Jakarta Composite Index now sits just above the 6,635-point plateau although it may bounce higher again on Friday.

The global forecast for the Asian markets is mixed to higher, with support expected from oil and technology companies. The European markets were down and the U.S. bourses were mixed and the Asian markets are tipped to follow the latter lead.

The JCI finished modestly lower on Thursday following losses from the financial shares and cement companies, while the resource stocks were mixed.

For the day, the index lost 39.33 points or 0.59 percent to finish at 6,636.47 after trading between 6,621.69 and 6,669.79.

Among the actives, Bank Danamon Indonesia tumbled 2.00 percent, while Bank CIMB Niaga shed 0.48 percent, Bank Negara Indonesia surrendered 1.07 percent, Bank Central Asia plunged 2.31 percent, Bank Mandiri lost 0.69 percent, Bank Rakyat Indonesia slid 0.48 percent, Indosat tanked 2.86 percent, Indocement fell 0.42 percent, Semen Indonesia sank 0.83 percent, Indofood Suskes soared 3.97 percent, United Tractors dropped 0.87 percent, Astra International was down 0.80 percent, Astra Agro Lestari climbed 1.21 percent, Aneka Tambang declined 0.85 percent, Vale Indonesia skidded 1.05 percent, Timah added 0.63 percent and Bumi Resources retreated 1.49 percent.
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