The Indonesia stock market has ticked lower now in back-to-back sessions, giving away more than 75 points or 1.5 percent along the way. The Jakarta Composite Index settled just above the 4,900-point plateau, although the market is expected to open higher on Wednesday.
The global forecast for the Asian markets is cautiously optimistic after generally heavy Greek-related selling in the previous three sessions. A rebound in the price of crude oil may provide a boost, and some of the regional bourses are ripe for bargain hunting. The European markets were down and the U.S. markets were up, and the Asian markets are tipped to follow the latter lead.
The JCI finished slightly lower on Tuesday following mixed performances from the financial shares and the resource stocks.
For the day, the index slipped 10.69 points or 0.22 percent to finish at 4,906.05 after trading between 4,891.05 and 4,927.55. Volume was 3.38 billion shares worth 3.40 trillion rupiah. There were 133 decliners and 126 gainers, with 114 shares finishing unchanged.
Among the actives, Astra Agro Lestari added 0.48 percent, while Aneka Tambang tumbled 1.50 percent, Bank Central Asia dropped 2.94 percent, Bank Negara Indonesia climbed 1.83 percent, Bank Danamon Indonesia collected 0.72 percent, Bank Mandiri spiked 2.27 percent, Energi Mega Persada surged 5.88 percent and XL Axiata advanced 1.24 percent.
The lead from Wall Street is positive as stocks fell sharply in early trade Tuesday but rebounded to finish higher. The Dow ended the day up 93.33 points or 0.5 percent to 17,776.91, while the S&P 500 climbed 12.58 points or 0.6 percent to 2,081.34 and the NASDAQ edged up 5.52 points or 0.1 percent to 4,997.46. Concerns about the ongoing Greek debt crisis contributed to the early weakness, although selling pressure eventually waned due in part to optimism a deal could still be reached. The Greek people voted on Sunday to reject the austerity measures proposed by the country's creditors, but negotiators are expected to make a last-ditch effort to reach an agreement over the coming days. The turnaround by stocks also came amid a rebound by the price of crude oil, which helped to lift energy stocks well off their lows. Crude for August delivery still ended the day down $0.20 at $52.33 a barrel, although it was well off its low of $50.58 a barrel. The price of oil also saw continued upside in electronic trading.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.