Indonesia Stock Market in Positive

Indonesia is biggest economy in South East Asia.
So the economy may have some effect to neighbor countries’ economies much.
This is the news about Indonesian stock market that comes from Nasdaq.

The Indonesia stock market moved higher again on Wednesday, one day after it had snapped the five-day winning streak in which it had collected more than 85 points or 1.7 percent. The Jakarta Composite Index now rests just above the 5,075-point plateau and it's in line for continued support on Thursday.

The global forecast for the Asian markets is cautiously optimistic, with optimism for economic recovery tempered by renewed coronavirus fears. The European markets were down and the U.S. markets were up and the Asian markets figure to split the difference.

The JCI finished sharply higher on Wednesday following gains from the financial shares and cement stocks.

For the day, the index surged 89.09 points or 1.79 percent to finish at 5,076.17 after trading between 4,985.02 and 5,080.25.

The lead from Wall Street is positive as stocks fluctuated early Wednesday before moving firmly to the upside as the day progressed.

The choppy trading seen for much of the session came amid relatively light volume, with a lack of major U.S. economic news keeping traders on the sidelines.

Source: Nasdaq, Rttnews.com

Posted Using LeoFinance