Win Streak May Continue For Indonesia Shares

RTTNews | Pred 575 dňami
Win Streak May Continue For Indonesia Shares

(RTTNews) - The Indonesia stock market has moved higher in two straight sessions, collecting more than 50 points or 0.7 percent along the way. The Jakarta Composite Index now sits just beneath the 6,860-point plateau and it may extend its gains on Wednesday.

The global forecast for the Asian markets is upbeat on better than expected U.S. inflation data, which fueled optimism over interest rates. The European and U.S. markets were firmly higher and the Asian bourses figure to follow suit.

The JCI finished modestly higher on Tuesday following gains from the resource stocks and a mixed picture from the financial sector.

For the day, the index added 23.74 points or 0.35 percent to finish at 6,862.06 after trading between 6,829.95 and 6,886.81.

Among the actives, Bank CIMB Niaga slid 0.29 percent, while Bank Danamon Indonesia fell 0.37 percent, Bank Negara Indonesia eased 0.20 percent, Bank Central Asia collected 0.56 percent, Bank Rakyat Indonesia climbed 1.00 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Semen Indonesia tumble 1.97 percent, Indofood Suskes skidded 1.16 percent, Astra International added 0.44 percent, Energi Mega Persada surged 4.72 percent, Astra Agro Lestari increased 0.36 percent, Vale Indonesia soared 3.02 percent, Bumi Resources advanced 0.90 percent and Bank Mandiri, Aneka Tambang, Indocement, United Tractors and Timah were unchanged.

The lead from Wall Street is broadly positive as the major averages opened sharply higher on Tuesday and stayed that way throughout the session.

The Dow surged 489.83 points or 1.43 percent to finish at 34,827.70, while the NASDAQ rallied 326.64 points or 2.37 percent to end at 14,094.38 and the S&P 500 jumped 84.15 points or 1.91 percent to close at 4,495.70.

The rally on Wall Street came following the release of the Labor Department's highly anticipated report on consumer price inflation in October, which came in lower than expected.

The report may provide the Federal Reserve with confidence that inflation is on a downward trajectory, so further rate hikes may not be necessary.

Treasury yields moved sharply lower following the release of the report, adding to the buying interest on Wall Street.

Crude oil futures failed to hold gains and settled flat on Tuesday as traders reacted to a report from the International Energy Agency that oil markets won't be as tight as expected this quarter. West Texas Intermediate Crude oil futures for December settled at $78.26 a barrel, unchanged from the previous close.

Closer to home, Indonesia will release October numbers for imports, exports and trade balance later today. Imports are expected to fall 8.7 percent on year after sinking 12.45 percent in September. Exports are called lower by an annual 15.6 percent after tumbling 16.17 percent in the previous month. The trade surplus is pegged at $3.30 billion, down from $3.42 billion a month earlier.

read more
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Pred 18 minútami
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Pred 48 minútami
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | Pred 1 h 18 min
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | Pred 1 h 33 min
South Korea Shares Due For Consolidation

South Korea Shares Due For Consolidation

The South Korea stock market has finished higher in six straight sessions, collecting more than 210 points or 7.7 percent along the way. The KOSPI now rests just above the 2,900-point plateau although investors are likely to lock in gains on Thursday.
RTTNews | Pred 1 h 48 min
New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | Pred 2 h 48 min
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | Pred 6 h 42 min