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Win Streak May Continue For Indonesia Bourse

By December 5, 2014 - 12:23am

The global forecast for the Asian markets is positive, reflecting speculation about further stimulus from China. The European and U.S. markets finished higher and the Asian bourses are also expected to open in the green.
The JCI finished slightly higher again on Tuesday as gains from the financial shares and resource stocks were capped by weakness from the telecoms.

For the day, the index collected 11.50 points or 0.22 percent to finish at 5,175.79 after trading between 5,166.63 and 5,194.05. Volume was 7.17 billion shares worth 6.33 trillion rupiah. There were 156 gainers and 121 decliners, with 100 stocks finishing unchanged.

Among the actives, Astra Agro Lestari added 0.76 percent, while Aneka Tambang gained 0.51 percent, Bank Central Asia collected 0.96 percent, Bank Danamon Indonesia surged 2.02 percent, Bank Mandiri jumped 1.18 percent, Bumi Resources soared 4.88 percent, Energy Mega Persada climbed 2.00 percent and XL Axiata plummeted 4.31 percent.

The lead from Wall Street is firm as stocks moved higher on Tuesday as traders reacted to a number of positive catalysts. The gains partly offset the weakness in the previous session, with the Dow reaching a new record closing high.

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Axiata Group Berhad is one of the largest telecommunications groups in Asia with over 250 million customers. Axiata’s vision is to be a regional champion by 2015 by piecing together the best throughout the region in connectivity, technology and talent, uniting them towards a single goal: Advancing Asia. Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India and Singapore. In addition, the Malaysian-grown holding company has stakes in non-mobile telecommunications operations in Pakistan.


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