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Indonesia Bourse May Add To Its Winnings

Indonesia Bourse May Add To Its Winnings Shutterstock photo (RTTNews.com) - ...

Indonesia Bourse May Add To Its Winnings

Shutterstock photo

(RTTNews.com) - The Indonesia stock market has finished higher in three straight sessions, gathering more than 60 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 5,930-point plateau and it's tipped to open in the green again on Wednesday.

The global forecast for the Asian markets is cautiously optimistic thanks to solid earnings news and a bump in crude oil prices. The European markets were up and the U.S. markets were mixed and the Asian bourses figure to split the difference.

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

For the day, the index picked up 16.05 points or 0.27 percent t o finish at 5,931.84 after trading between 5,925.05 and 5,945.85. There were 201 gainers and 155 decliners, with 139 stocks finishing unchanged.

Among the actives, Bank Negara Indonesia was up 0.68 percent, while Bank Central Asia added 0.75 percent, Bank Rakyat Indonesia shed 0.99 percent, SLJ Global advanced 1.03 percent, Bank Danamon Indonesia collected 1.18 percent, Jasa Marga climbed 1.47 percent, Bukit Darmo Property jumped 1.61 percent, Indosat skidded 1.91 percent, Bank Mandiri perked 1.95 percent, Voksel Electric spiked 2.58 percent, Bumi Resources skyrocketed 7.96 percent and Aneka Tambang, Vale Indonesia, Lotte Chemical, Tiga Pilar Sejahtera Food, XL Axiata, Bank MNC Internasional and Bank Pan Indonesia all were unchanged.

The lead from Wall Street is mixed as stocks opened higher Tuesday and mainly stayed that way, although the NASDAQ gave ground to finish in the red.

The Dow added 197.65 points or 0.79 percent to 25,241.94, whil e the NASDAQ fell 1.10 points or 0.01 percent to 7,840.77 and the S&P 500 gained 13.42 points or 0.48 percent to 2,820.40.

The early strength was the results of positive earnings news - particularly from Google parent Alphabet (GOOGL) and drug giant Eli Lilly (LLY).

Trading activity was somewhat subdued, however, with a lack of major U.S. economic data keeping traders on the sidelines.

Crude oil futures ended higher on Tuesday, as concerns about possible supply shortage resurfaced due to rising tension between the U.S. and Iran. Crude oil futures for September delivery settled at $68.52 a barrel, gaining $0.63 or 0.9 percent on the New York Mercantile Exchange.

  Read the original article on RTTNews (http://www.rttnews.com/2917386/indonesia-bourse-may-add-to-its-winnings.aspx)

For comments and feedback: contact editorial@rttnews.com


This article appears in: Stocks , World Markets , PoliticsSource: Google News Indonesia | Netizen 24 Indonesia

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