Mild Selling Pressure Tipped For Indonesia Shares

RTTNews | 986 days ago
Mild Selling Pressure Tipped For Indonesia Shares

(RTTNews) - The Indonesia stock market on Thursday snapped the two-day slide in which it had slipped almost 10 points or 0.15 percent. The Jakarta Composite Index now rests just above the 7,090-point plateau although it's expected to see little movement on Friday.

The global forecast for the Asian markets is mixed to lower, with tech shares expected to weigh heavily. The European and U.S. markets were mixed and the Asian bourses are expected to follow that lead.

The JCI finished modestly higher on Thursday following gains from the resource stocks and mixed performances from the financials and cement companies.

For the day, the index collected 47.82 points or 0.68 percent to finish at 7,091.76.

Among the actives, Bank Danamon Indonesia shed 0.54 percent, while Bank CIMB Niaga fell 0.44 percent, Bank Negara Indonesia improved 1.36 percent, Bank Central Asia jumped 1.75 percent, Bank Rakyat Indonesia collected 1.55 percent, Indosat Ooredoo Hutchison sank 0.78 percent, Indocement lost 0.54 percent, Semen Indonesia soared 2.68 percent, Indofood Suskes slid 0.40 percent, United Tractors retreated 1.36 percent, Astra International climbed 1.14 percent, Energi Mega Persada plunged 2.33 percent, Astra Agro Lestari added 0.58 percent, Aneka Tambang strengthened 1.66 percent, Vale Indonesia advanced 0.75 percent, Bumi Resources increased 0.53 percent and Bank Mandiri and Timah were unchanged.

The lead from Wall Street is murky as the major averages opened mixed on Thursday. The NASDAQ remained lower throughout the session, while the Dow was higher the whole day and the S&P bounced back and forth across the unchanged line, finally finishing in the red.

The Dow jumped 194.17 points or 0.61 percent to finish at 32,033.28, while the NASDAQ tumbled 178.32 points or 1.63 percent to end at 10,792.67 and the S&P 500 fell 23.30 points or 0.61 percent to close at 3,807.30.

The continued upward move by the Dow reflected positive reaction to earnings news from the likes of Caterpillar (CAT), Honeywell (HON), McDonald's (MCD) and Merck (MRK).

The index also benefited from a positive reaction to a report from the Commerce Department showing U.S. economic activity rebounded by slightly more than expected in the third quarter following two straight quarters of contraction.

Meanwhile, a steep drop by Meta Platforms (META) weighed on the tech-heavy NASDAQ, with the Facebook parent plunging by 24.5 percent after the company reported weaker than expected Q3 earnings and disappointing guidance.

Crude oil prices climbed higher on Thursday, extending gains from the previous session amid optimism about demand growth. West Texas Intermediate Crude oil futures for December were up $1.17 or 1.3 percent at $89.08 a barrel.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 53 minutes ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders are optimistic about an end to the tariff uncertainty after US President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition.
RTTNews | 58 minutes ago
Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
RTTNews | 1h 45min ago
Indonesia Stock Market May Extend Winning Streak

Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
RTTNews | 2h 45min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with weakness in exporter stocks and a mixed performance in most other sectors.
RTTNews | 2h 53min ago
Renewed Support Called For Hong Kong Shares

Renewed Support Called For Hong Kong Shares

The Hong Kong stock market headed south again on Wednesday, one day after ending the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just above the 23,890-point plateau although it figures to bounce higher again on Thursday.
RTTNews | 3h 0min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 3h 14min ago
Higher Open Seen For China Stock Market

Higher Open Seen For China Stock Market

The China stock market on Wednesday ended the four-day winning streak in which it had risen almost 45 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,500-point plateau although it's expected to move back to the upside again on Thursday.
RTTNews | 3h 15min ago