Mild Upside Seen For Indonesia Stock Market

RTTNews | 861 dni temu
Mild Upside Seen For Indonesia Stock Market

(RTTNews) - Ahead of the market holiday for Good Friday, the Indonesia stock market had moved lower in back-to-back sessions, slumping more than 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just above the 6,790-point plateau although it may tick higher on Monday.

There's not much of a global forecast, as most of the markets in Europe and the United States were closed on Friday for Good Friday. Key U.S. employment data was roughly in line with expectations, suggesting a steady if quiet session.

The JCI finished modestly lower on Thursday following losses from the resource stocks and a mixed picture from the financial sector.

For the day, the index shed 26.91 points or 0.39 percent to finish at 6,792.77 after trading between 6,786.29 and 6,832.73.

Among the actives, Bank Danamon Indonesia shed 0.68 percent, while Bank CIMB Niaga improved 0.78 percent, Bank Negara Indonesia added 0.54 percent, Bank Central Asia collected 0.29 percent, Bank Mandiri dropped 0.95 percent, Bank Rakyat Indonesia perked 0.21 percent, Indosat Ooredoo Hutchison skidded 1.10 percent, Indocement jumped 1.80 percent, Indofood Suskes lost 0.40 percent, Astra International retreated 1.25 percent, Energi Mega Persada sank 0.83 percent, Astra Agro Lestari rose 0.30 percent, Vale Indonesia plunged 3.76 percent, Timah tumbled 1.96 percent, Bumi Resources declined 1.52 percent and Aneka Tambang, Semen Indonesia and United Tractors were unchanged.

There is no lead from Wall Street as the stock and oil markets were closed for Good Friday. The big catalyst for the day, however, was the closely watched U.S. jobs report for March.

The Labor Department said that employment in the U.S. increased roughly in line with forecasts in March as non-farm payroll employment climbed by 236,000 jobs after jumping by an upwardly revised 326,000 jobs in February.

Economists had expected employment to rise by about 240,000 jobs compared to the addition of 311,000 jobs originally reported for the previous month.

Also, the unemployment rate edged down to 3.5 percent in March from 3.6 percent in February; the unemployment rate was expected to be unchanged.

The numbers fall in the butter zone, which is to say good enough to dispel fears of an economic slowdown but not so good as the encourage the Federal Reserve to feel comfortable applying another rate hike anytime soon.

read more
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | 50 minut temu
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 1g 0 minut temu
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | 2g 21 minut temu
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | 3g 14 minut temu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | 3g 37 minut temu
Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Indian shares look set to open on a positive note Monday after S&P Global Ratings upgraded India's sovereign ratings, citing buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment.
RTTNews | 4g 11 minut temu
Thai Shares May Tick Lower Again On Monday

Thai Shares May Tick Lower Again On Monday

The Thai stock market has finished lower in two straight sessions, slipping almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau and it figures to remain rangebound again on Monday.
RTTNews | 4g 47 minut temu