Indonesia Shares Tipped To Head South Again On Wednesday

By Rtt News Staff Writer7 days ago

The Indonesia stock market on Tuesday halted the two-day slide in which it had fallen more than 60 points or 1 percent. The Jakarta Composite Index now sits just above the 5,960-point plateau although it's expected to see renewed selling pressure on Wednesday.

The global forecast for the Asian markets is soft, with technology stocks and airlines expected to lead the way lower. The European markets were down and the U.S. bourses were mostly negative and the Asian markets are also tipped to open under pressure.

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The JCI finished slightly higher on Tuesday as gains from the financials and resource stocks were capped by weakness from the cement companies.

For the day, the index rose 11.22 points or 0.19 percent to finish at 5,963.82 after trading between 5,932.32 and 5,974.68.

Among the actives, Bank Danamon Indonesia rallied 2.37 percent, while Bank Negara Indonesia advanced 0.90 percent, Bank Central Asia rose 0.16 percent, Bank Mandiri collected 0.83 percent, Bank Rakyat Indonesia improved 1.25 percent, Indosat skidded 1.20 percent, Indocement retreated 1.39 percent, Semen Indonesia declined 1.23 percent, Indofood Suskes climbed 1.54 percent, United Tractors accelerated 2.98 percent, Astra International gained 1.38 percent, Energi Mega Persada sank 0.87 percent, Astra Agro Lestari spiked 2.65 percent, Aneka Tambang jumped 3.97 percent, Vale Indonesia soared 6.78 percent, Timah surged 6.98 percent, Bumi Resources tanked 2.99 percent and Bank CIMB Niaga was unchanged.

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