(RTTNews) – The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it’s due for profit taking on Wednesday.
The global forecast for the Asian markets is murky on rising ambiguity over the outlook for interest rates. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.
The JCI finished sharply higher on Tuesday following large gains from the resource stocks and mixed performances from the financial shares and cement companies.
For the day, the index climbed 85.16 points or 1.06 percent to finish at the daily high of 8,125.20 after trading as low as…
