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Soft Start Predicted For Indonesia Stock Market

Mount Equity Group Tokyo, Japan > News > Markets > Soft Start Predicted For Indonesia Stock Market

(RTTNews) – The Indonesia stock market has alternated between positive and negative finishes through the last four 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 6,050-point plateau although it’s likely to tick lower again on Thursday.

The global forecast for the Asian markets is slightly soft ahead of key U.S. inflation data later today. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.

The JCI finished modestly higher on Wednesday following gains from the financial shares and resource stocks.

For the day, the index climbed 48.11 points or 0.80 percent to finish at the daily high of 6,047.48 after moving as low as 5,972.45.

Among the actives, Bank Danamon Indonesia advanced 0.87 percent, while Bank CIMB Niaga collected 0.53 percent, Bank Negara Indonesia climbed 1.81 percent, Bank Central Asia gathered 1.56 percent, Bank Mandiri rallied 2.50 percent, Bank Rakyat Indonesia added 0.48 percent, Indosat surged 6.67 percent, Indocement tumbled 1.89 percent, Semen Indonesia spiked 2.21 percent, Indofood Suskes retreated 1.57 percent, United Tractors fell 0.21 percent,