Indonesia Bourse Expected To Add To Thursday's Gains

RTTNews | hace 662

(RTTNews) - The Indonesia stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had gathered more than 95 points or 1.3 percent. The Jakarta Composite Index now sits just above the 6,750-point plateau and it's predicted to move higher again on Friday.

The global forecast for the Asian markets is upbeat on rising optimism about the outlook for interest rates. The European and U.S. markets were sharply higher and the Asian bourses are tipped to open in similar fashion.

The JC finished sharply higher on Thursday following gains from the financial shares, cement companies and resource stocks.

For the day, the index spiked 108.97 points or 1.64 percent to finish at 6,751.39 after trading between 6,695.89 and 6,785.00.

Among the actives, Bank Mandiri soared 4.42 percent, while Bank Danamon Indonesia collected 0.37 percent, Bank Negara Indonesia climbed 1.04 percent, Bank Central Asia rallied 2.91 percent, Bank Rakyat Indonesia spiked 3.52 percent, Indosat Ooredoo Hutchison tumbled 2.65 percent, Indocement accelerated 2.47 percent, Semen Indonesia jumped 3.31 percent, Indofood Suskes tanked 2.63 percent, United Tractors retreated 1.56 percent, Energi Mega Persada added 0.84 percent, Astra Agro Lestari improved 0.71 percent, Vale Indonesia rose 0.21 percent, Timah gained 0.77 percent, Bumi Resources advanced 0.93 percent and Aneka Tambang, Bank CIMB Niaga and Astra International were unchanged.

The lead from Wall Street is broadly positive as the major averages opened higher on Thursday and accelerated as the day progressed, ending near session highs.

The Dow surged 564.50 points or 1.70 percent to finish at 33,839.08, while the NASDAQ jumped 232.72 points or 1.78 percent to end at 13,294.19 and the S&P 500 rallied 79.92 points of 1.89 percent to close at 4,317.78.

The rally on Wall Street came on optimism about the outlook for interest rates following the Federal Reserve's monetary policy announcement on Wednesday. The Fed left rates unchanged for the third time in the past four meetings, suggesting the central bank is done raising interest rates.

Treasury yields moved notably lower Wednesday and showed another significant move to the downside today, adding to the buying interest.

Traders will look now to the Labor Department's closely watched employment report for the month of October, due out later today.

Crude oil futures climbed higher Thursday as the dollar weakened on bets the Federal Reserve is done with its rate hiking cycle. West Texas Intermediate Crude oil futures for December rallied $2.02 or 2.5 percent at $82.46 a barrel.

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 25 minutos

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

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RTTNews | hace 40 minutos

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | hace 1h 10min

Singapore Stock Market Tipped To Open In The Red

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RTTNews | hace 1h 39min

Rally May Stall For Malaysia Stock Market

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