(RTTNews) – Indonesia’s stock market declined in two straight sessions, slipping nearly 20 aspects or 0.3pc along with a device in which. The Jakarta Composite Index is now sitting exactly above the 7060 level, although it is expected to start Friday in the inexperienced.
The outlook for Asian markets is bleak as US markets were closed on Thursday – while European markets were roughly flat with an upward bias, with Asian bourses expected to indicate this preference.
The JCI edged lower on Thursday after losses in raw materials and cement stocks and a combined financial sector performance.
For the day, the index lost 15.76 points, or 0.22 percent, to 7,064.59 after trading between 7,062.10 and 7,106.46.
Among actives, Bank CIMB Niaga climbed 1.16 percent, while Bank Negara Indonesia was silent 0.23 percent, Bank Central Asia jumped 1.81 percent, Bank Rakyat Indonesia fell 1.23 percent, Bank Maybank Indonesia and Indocement fell 1.92pc, Indosat Ooredoo Hutchison rose 2.14pc, Semen Indonesia surrendered 2.62pc, Indofood Sukses Makmur rose 0.33 pc, United Tractors sank 0.Seventy nine pc, Astra Global gained 2.49 pc, Energi Mega Persada fell 0.85 pc, Astra Agro Lestari lost 0.83 pc, Aneka Tambang shed 0.70 pc, Jasa Marga reinforced 1.81 pc, Vale Indonesia fell 0.29 pc, Timah slipped by 1.00pc, Bumi Sources fell sharply by 6.09pc, while Bank Mandiri and Bank Danamon Indonesia were flat.
There is no sign of Wall Facet as US financial markets were closed on Thursday in honor of aging US President Jimmy Carter, who died in insensible December at the age of 100.
Buyers are looking to release the Labor Department’s closely watched monthly jobs file later today, potentially bringing additional clarity on the energy of the labor market.
Oil prices rose on Thursday on optimism about the outlook for global oil demand and likely shortfalls due to sanctions against Iranian and Russian crude exports. West Texas Intermediate Coarse crude futures for February were up $0.60, or 0.82pc, at $73.92 a barrel.
Closer to home, Indonesia will present November retail sales files later today; in October, sales increased by 1.5 percent per year.
The views and opinions expressed in this document are those of the creator and do not now substantially reflect those of Nasdaq, Inc.
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