Shutterstock photo(RTTNews.com) - The Indonesia stock market has finished higher in three consecutive sessions, advancing more than 35 points or 0.6 percent along the way. The Jakarta Composite Index now rests just above the 5,880-point plateau, and it's expected to open higher again on Tuesday.
The global forecast for the Asian markets remains positive on optimism that the Federal Reserve will keep interest rates unchanged for the time being. The European and U.S. markets were up and the Asian bourses are expected to follow suit.
The JCI finished slightly higher on Monday as gains from the resource stocks were capped by weakness from the financials and food companies.
Among the actives, Bumi Resources advanced 1.00 percent, while Vale Indonesia jumped 1.10 percent, Tiga Pilar Sejahtera Food plummeted 3.38 percent, Bank MNC Internasional skidded 1.92 percent, Lotte Chemical tumbled 1.72 percent, Bank Pan Indonesia climbed 0.98 percent, Jasa Marga dropped 0.83 percent, XL Axiata shed 0.75 percent, Bank Danamon Indonesia lost 1.38 percent, Bank Mandiri fell 0.75 percent and Indofood dipped 0.29 percent.
The lead from Wall Street is broadly upbeat as stocks ticked higher on Monday to fresh record closing highs.
The Dow gained 63.01 points or 0.28 percent to 22,331.35, while the NASDAQ gained 6.17 points or 0.10 percent to 6,454.64 and the S&P was up 3.64 points or 0.15 percent to 2,503.87.
Risk appetite continued to pick up thanks to healthy corporate earnings and expectations the U.S Federal Reserve will keep interest rates low at their meeting Tuesday and Wednesday.
In economic news, the National Association of Home Builders noted a bigger than expected drop in homebuilder confidence.
Crude oil futures were flat Monday, hovering near the $50 a barrel mark in quiet trading. WTI light sweet crude oil was down 2 cents at $49.91 a barrel.
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