Indonesia Stock Market May Spin Its Wheels On Thursday
The Indonesia stock market has tracked lower in two straight sessions, shedding more than 45 points or 0.7 percent along the way. The Jakarta Composite Index now rests just beneath the 6,830-point plateau and it's expected to remain in that neighborhood again on Thursday.
The global forecast for the Asian markets suggests little movement amid a lack of catalysts with some markets still on holiday. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow that lead.
The JCI finished modestly lower on Wednesday following mixed performances from the financials and resource stocks.
For the day, the index sank 30.92 points or 0.45 percent to finish at 6,829.93.
Among the actives, Bank Danamon Indonesia strengthened 1.56 percent, while Bank Negara Indonesia collected 0.28 percent, Bank Central Asia fell 0.30 percent, Bank Mandiri tanked 2.02 percent, Bank Rakyat Indonesia slumped 1.30 percent, Indosat Ooredoo Hutchison plummeted 3.72 percent, Indocement improved 0.77 percent, Semen Indonesia sank 0.70 percent, Indofood Suskes tumbled 1.81 percent, United Tractors eased 0.29 percent, Astra International added 0.42 percent, Energi Mega Persada plunged 4.14 percent, Astra Agro Lestari rose 0.31 percent, Aneka Tambang retreated 1.29 percent, Vale Indonesia declined 1.45 percent, Timah skidded 1.17 percent, Bumi Resources added 0.63 percent and Bank CIMB Niaga was unchanged.
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