The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
The JCI finished modestly lower on Tuesday following losses from the financial shares and mixed performances from the resource and cement sectors. For the day, the index slipped 21.15 points or 0.27 percent to finish at 7,905.76 after trading between 7,881.21 and 7,978.07. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri skidded 1.01 percent, Bank Negara Indonesia spiked 2.02 percent, Bank Central Asia slumped 2.65 percent, Bank Rakyat Indonesia dropped 0.95 percent, Indosat Ooredoo Hutchison advanced 0.97 percent, Indocement surged 3.28 percent, Semen Indonesia retreated 1.42 percent, Indofood Sukses Makmur rallied 1.30 percent, United Tractors tanked 2.48 percent, Astra International stumbled 2.17 percent, Energi Mega Persada surrendered 2.56 percent, Astra Agro Lestari plummeted 3.34 percent, Aneka Tambang rose 0.35 percent, Vale Indonesia tumbled 1.90 percent and Timah, Bumi Resources and Bank Danamon Indonesia were unchanged.
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