Lower Open Called For Indonesia Stock Market

(RTTNews) - The Indonesia stock market on Wednesday halted the five-day winning streak in which it had jumped more than 260 points or 2.8 percent. The Jakarta Composite Index now sits just beneath the 7,550-point plateau and it may tick lower again on Thursday.

The global forecast for the Asian markets offers little guidance, with support from oil and technology stocks likely to be offset by weakness from the property and transportation companies. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference.

The JCI finished modestly lower on Wednesday following losses from the financial shares, cement stocks and resource companies.

For the day, the index dropped 68.02 points or 0.89 percent to finish at 7,549.89 after trading between 7,528.13 and 7,667.56.

Among the actives, Bank CIMB Niaga skidded 1.16 percent, while Bank Mandiri tumbled 1.91 percent, Bank Danamon Indonesia shed 0.41 percent, Bank Negara Indonesia sank 0.72 percent, Bank Central Asia fell 0.30 percent, Bank Rakyat Indonesia plunged 3.57 percent, Indosat Ooredoo Hutchison stumbled 4.85 percent, Indocement and Timah both lost 0.48 percent, Semen Indonesia retreated 1.95 percent, Indofood Sukses Makmur advanced 0.90 percent, United Tractors climbed 0.93 percent, Astra International improved 0.98 percent, Energi Mega Persada gained 0.85 percent, Astra Agro Lestari surged 6.54 percent, Aneka Tambang slipped 0.33 percent, Vale Indonesia tanked 2.39 percent and Bumi Resources dropped 0.86 percent.

The lead from Wall Street is soft as the major averages opened slightly higher on Wednesday and hugged the line until the FOMC statement, ending mixed and little changed.

The Dow dropped 171.71 points or 0.38 percent to finish at 44,461.28, while the NASDAQ rose 31.38 points or 0.15 percent to close at 21,129.67 and the S&P 500 fell 7.96 points or 0.12 percent to end at 6,362.90.

The mixed closed by the major averages came after the Federal Reserve announced its widely expected decision to leave interest rates unchanged in a divided vote.

The decision to leave rates unchanged was not unanimous as Fed Governors Michelle Bowman and Christopher Waller preferred to lower rates by a quarter percentage point.

In economic news, payroll processor ADP said private sector employment in the U.S. increased more than expected in July. Also, the Commerce Department said the U.S. economy rebounded by more than expected in the second quarter of 2025.

Crude oil inched higher on Wednesday on hopes the U.S. can avoid a trade war, while the grace period was cut for Russia to avoid sanctions on its energy trades from 50 to 10 days. West Texas Intermediate crude for September delivery rose $0.82 or 1.18 percent at $70.02 per barrel.