Indonesia Bourse May Extend Wednesday's Gains

RTTNews | 187天前

(RTTNews) - The Indonesia stock market on Wednesday halted the four-day losing streak in which it had plummeted almost 450 points or 6.9 percent. The Jakarta Composite Index now sits just above the 6,310-point plateau and it figures to see additional support on Thursday.

The global forecast for the Asian markets is upbeat on an improved outlook for interest rates. The European markets were mixed and the U.S. bourses moved higher and the Asian markets figure to split the difference.

The JCI finished sharply higher on Wednesday following gains from the financial shares, cement companies, food stocks and resource plays.

For the day, the index jumped 88.27 points or 1.42 percent to finish at 6,311.66 after trading between 6,147.43 and 6,332.73.

Among the actives, Bank Mandiri spiked 3.31 percent, while Bank Danamon Indonesia improved 1.26 percent, Bank Negara Indonesia shed 0.48 percent, Bank Central Asia rose 0.30 percent, Bank Rakyat Indonesia collected 0.82 percent, Bank Maybank Indonesia soared 4.76 percent, Indosat Ooredoo Hutchison stumbled 2.97 percent, Indocement added 0.67 percent, Semen Indonesia advanced 0.90 percent, Indofood Sukses Makmur jumped 1.77 percent, United Tractors lost 0.56 percent, Astra International plunged 3.85 percent, Energi Mega Persada gained 0.62 percent, Aneka Tambang strengthened 1.53 percent, Jasa Marga increased 0.79 percent, Vale Indonesia slumped 1.23 percent, Timah skidded 1.03 percent, Bumi Resources surged 3.49 percent and Bank CIMB Niaga and Astra Agro Lestari were unchanged.

The lead from Wall Street is positive as the major averages opened modestly higher on Wednesday but accelerated into the close, ending near session highs.

The Dow jumped 383.32 points or 0.92 percent to finish at 41,964.63, while the NASDAQ surged 246.67 points or 1.41 percent to close at 17,750.79 and the S&P 500 rallied 60.63 points or 1.08 percent to end at 5,675.29.

Stocks rallied early in the session and saw further upside following the Federal Reserve's monetary policy announcement. The Fed announced its widely expected decision to again leave interest rates unchanged but signaled that it is still likely to lower rates later this year.

Meanwhile, Fed officials lowered their projections for GDP growth in 2025 to 1.7 percent from 2.1 percent and raised their forecasts for consumer price growth this year to 2.7 percent from 2.5 percent.

Oil futures closed higher on Wednesday amid continued uncertainty about growth due to the impact of U.S. tariffs on some of its major trading partners. West Texas Intermediate Crude oil futures for April closed higher by $0.26 or 0.39 percent at $67.16 a barrel.

European Shares Seen Flat To Higher At Open

European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.

RTTNews | 18分鐘前

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.

RTTNews | 34分鐘前

Sensex, Nifty Extend Losses In Cautious Trade

Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.

RTTNews | 1小時14分鐘前

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.

RTTNews | 2小時22分鐘前

Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.

RTTNews | 2小時47分鐘前

Sensex, Nifty Seen Lower At Open

Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.

RTTNews | 3小時18分鐘前

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.

RTTNews | 3小時49分鐘前

Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.

RTTNews | 4小時19分鐘前

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