Indonesia Bourse Due For Profit Taking
From Nasdaq: 2025-05-19 21:30:00
The Indonesia stock market has been on a five-day winning streak, gaining over 310 points. The Jakarta Composite Index closed above 7,140 points, with investors possibly taking profits on Tuesday. Global markets are cautiously optimistic about trade. The JCI rose 0.49% on Monday, led by the resource and cement sectors. Bank stocks were mixed. Wall Street ended slightly up after Moody’s downgraded the U.S. debt rating. The Conference Board reported a drop in U.S. economic indicators for April. Crude oil prices edged higher on news of increased demand forecast by Goldman Sachs.
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