Indonesia stock market declined, but expected to bounce back on positive global forecasts

From Nasdaq: 2024-11-03 20:31:05

The Indonesia stock market declined on Friday, with the Jakarta Composite Index finishing just above 7,500 points. However, the market is expected to bounce back on Monday amidst positive global forecasts. Major sectors like food, finance, and telecom recorded losses. Bank CIMB Niaga and Indofood Sukses Makmur were among the biggest decliners. Meanwhile, Wall Street closed higher on Friday, with the Dow rising by 0.69 percent, NASDAQ by 0.80 percent, and S&P 500 by 0.41 percent. The positive sentiment was driven by strong earnings reports from companies like Intel and Amazon. Oil futures also settled higher amid tensions in the Middle East.



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