Indonesia Stock Market Has Moved Lower

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Indonesia Stock Exchange (JAKARTA GLOBE)

The Indonesia stock market has moved lower in back-to-back trading days, retreating almost 90 points or 1.5 percent along the way. The Jakarta Composite Index now rests just beneath the 6,090 point plateau and it’s looking at another soft start again on Tuesday, Dec 18, 2018

The global forecast for the Asian markets is soft on tumbling crude oil prices and concerns over the outlook for interest rates. The European and U.S. markets were firmly lower and the Asian bourses are tipped to open in similar fashion.

The JCI finished sharply lower on Monday following losses from the food, finance and resource stocks.

For the day, the index tumbled 80.54 points or 1.31 percent to finish at the daily low of 6,089.31 after peaking at 6,174.22.

Among the actives, Indocement skidded 1.15 percent, while Semen Indonesia dipped 0.22 percent, United Tractors retreated 2.46 percent, Indofood Suskes declined 1.41 percent, Unilever Indonesia tumbled 2.25 percent, Bumi Resources gave away 2.33 percent, Aneka Tambang plunged 3.31 percent, Vale Indonesia dropped 1.62 percent, Bank Danamon Indonesia shed 0.68 percent, Bank Mandiri lost 2.31 percent, Bank Negara Indonesia eased 0.29 percent, Bank Rakyat Indonesia slid 2.17 percent, Indosat fell 1.92 percent and Bank Central Asia was unchanged. ****