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Indonesia Stock Market Draws Flat Lead For Wednesday

Mount Equity Group Tokyo, Japan > News > Markets > Indonesia Stock Market Draws Flat Lead For Wednesday

(RTTNews) – The Indonesia stock market has finished lower in two of three trading days since the end of the six-day winning streak in which it had surged more than 330 points or 6.5 percent. The Jakarta Composite Index now sits just beneath the 6,000-point plateau and it’s expected to remain in that neighborhood again on Wednesday.

The global forecast for the Asian markets offers little guidance on a lack of catalysts. The European and U.S. markets were mixed and little changed and the Asian bourses are expected to open in similar fashion.

The JCI finished sharply lower on Tuesday following losses from the financial shares, resource stocks and cement companies.

For the day, the index skidded 70.57 points or 1.16 percent to finish at 5.999.37 after trading between 5,992.12 and 6,075.89.

Among the actives, Bank Danamon Indonesia tanked 2.13 percent, while Bank CIMB Niaga surrendered 3.09 percent, Bank Central Asia shed 1.53 percent, Bank Mandiri declined 2.04 percent, Bank Rakyat Indonesia was down 1.18 percent, Indosat plunged 4.85 percent, Indocement tumbled 3.25 percent, Semen Indonesia sank 2.16 percent, Indofood Suskes dropped 3.04 percent, United Tractors jumped 1.96 percent, Astra International added 0.48 percent, Astra Agro Lestari retreated 2.74 percent,