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Indonesia Bourse Tipped To Open In The Green

The Indonesia stock market on Thursday snapped the two-day slide in which it had surrendered more than 50 points or 0.8 percent. The Jakarta Composite Index now rests just beneath the 5,860-point plateau and it's expected to open higher again on Friday.

The global forecast for the Asian markets suggests mild upside with optimism over trade tempered by falling oil prices. The European markets were mixed and flat and the U.S. bourses were up - and the Asian markets figure to follow the latter lead.

The JCI finished sharply higher on Thursday following gained from the financial shares and the resource stocks.

For the day, the index climbed 60.12 points or 1.04 percent to finish at 5,858.27 after trading between 5,834.77 and 5,865.07. There were 239 gainers and 149 decliners, with 111 stocks finishing unchanged.

Among the actives, Bumi Resources picked up 0.90 percent, while Aneka Tambang surged 3.21 percent, Vale Indonesia spiked 3.60 percent, Bank Danamon Indonesia skyrocketed 7.46 percent, Bank Central Asia collected 0.42 percent, Bank Mandiri jumped 3.14 percent, Bank Negara Indonesia gathered 3.16 percent, Bank Rakyat Indonesia perked 3.0 percent, Indosat gained 3.06 percent, XL Axiata climbed 1.37 percent, SLJ Global skidded 0.93 percent, Lotte Chemical added 0.72 percent, Bank Pan Indonesia tumbled 2.35 percent, Jasa Marga advanced 2.25 percent, Voksel Electric shed 0.54 percent and Bank MNC Internasional was unchanged.

The lead from Wall Street is firm as stocks moved mostly higher on Thursday, with the major averages all finishing in positive territory after ending Wednesday's session mixed.

The Dow added 147.07 points or 0.57 percent to 26,145.99, while the NASDAQ gained 59.48 points or 0.75 percent to 8,013.71 and the S&P was up 15.26 points or 0.53 percent to 2,904.18.

The strength on Wall Street reflected optimism about trade following recent reports the U.S. is proposing a new round of trade talks with China in the near future.

In economic news, the Labor Department said consumer prices rose less than expected in August. The Labor Department also noted a slight drop in initial jobless claims in the week ended September 8.

Crude oil prices tumbled Thursday following reports that global oil supply reached a record high in August. Crude oil futures for October ended down $1.78 or 2.5 percent at $68.59 a barrel on the New York Mercantile Exchange.

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