Little Movement Predicted For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Tuesday ended the two-day winning streak in which it had gathered almost 110 points or 1.8 percent. The Jakarta Composite Index now rests just above the 6,860-point plateau and it's expected to remain stuck in neutral on Wednesday.

The global forecast for the Asian markets is murky, with profit taking likely after recent gains - especially among the oil and technology companies. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow suit.

The JCI finished slightly lower on Tuesday following losses from the financial shares and mixed performances from the resource and cement companies.

For the day, the index dipped 14.08 points or 0.20 percent to finish at 6,860.85.

Among the actives, Bank Danamon Indonesia skidded 1.15 percent, while Bank Negara Indonesia collected 0.28 percent, Bank Central Asia dropped 0.90 percent, Bank Mandiri sank 0.75 percent, Bank Rakyat Indonesia lost 0.65 percent, Indosat Ooredoo Hutchison retreated 1.22 percent, Indocement dipped 0.26 percent, Semen Indonesia improved 0.71 percent, Indofood Suskes advanced 0.73 percent, United Tractors tumbled 2.43 percent, Astra International added 0.42 percent, Energi Mega Persada climbed 0.69 percent, Vale Indonesia declined 1.99 percent, Timah gained 0.39 percent and Bumi Resources, Aneka Tambang, Bank CIMB Niaga and Astra Agro Lestari were unchanged.