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Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has climbed higher in three straight sessions, rising almost 110 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 6,460-point plateau and it's looking at another green light for Monday.

The global forecast for the Asian markets is upbeat on an improved outlook for global trade. The European and U.S. markets were up and the Asian markets are tipped to open in similar fashion.

The JCI finished modestly higher on Friday following gains from the cement, finance and resource stocks.

For the day, the index advanced 47.92 points or 0.75 percent to finish at 6,461.18 after trading between 6,419.64 and 6,489.19.

Among the actives, Indocement climbed 1.07 percent, while Semen Indonesia added 0.58 percent, United Tractors shed 0.67 percent, Indofood Suskes jumped 1.41 percent, Kalbe Farma soared 2.98 percent, Bank Danamon Indonesia spiked 2.62 percent, Bank Central Asia collected 0.36 percent, Bank Mandiri gathered 2.53 percent, Bank Negara Indonesia advanced 2.26 percent, Bank Rakyat Indonesia perked 2.84 percent, Indosat rose 0.37 percent, Bumi Resources gained 2.31 percent, Aneka Tambang accelerated 1.04 percent, Vale Indonesia was up 1.68 percent, Timah fell 0.39 percent and Unilever Indonesia was unchanged.

The lead from Wall Street is positive as stocks moved gradually higher through the course of Friday's trade, with the NASDAQ and the S&P 500 hitting five-month closing highs.

The Dow added 138.98 points or 0.54 percent to 25,848.87, while the NASDAQ gained 57.62 points or 0.76 percent to 7,688.53 and the S&P 500 rose 14.00 points or 0.50 percent to 2,822.48. For the week, the Dow gained 1.6 percent, the NASDAQ advanced 3.8 percent and the S&P rose 2.9 percent.

The strength on Wall Street came amid optimism on U.S.-China trade talks and indications of Chinese economic stimulus after Chinese Premier Li Keqiang pledged support for the fading economy.

In U.S. economic news, the Federal Reserve said industrial production rose less than expected in February. Also, the New York Fed noted an unexpected slowdown in regional manufacturing growth in March.

Crude oil futures ended slightly lower on Friday, snapping a four-session winning streak, as traders chose to take profits. West Texas Intermediate Crude oil futures for April ended down $0.09 or 0.2 percent at $58.52 a barrel.

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