The Insider Morning Notes – JCI expected to go up, mining stocks may lead

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to go up today, extending yesterday’s gains, with a rise of Indonesia coal reference price for September may boost coal and mineral stocks.

Indonesia has set its September coal reference price at US$63.93 per metric tons FOB, a 9.5 percent increase from previous month of US$58.37 per metric tons, the Energy and Mineral Resources Ministry data shows Monday.

On Monday, the Jakarta Composite Index (JCI) closed up slightly by 3.493 points or up 0.07 percent to 5,356.954, while LQ-45 added 0.796 points or up 0.09 percent to 920.136.

Seven sectoral indices rose, while three others declined. Mining stocks led the gains, increasing by 2.68 percent, followed by miscellaneous industry stocks.

As many as 7.8 billion units of shares changed hands wort Rp6.24 trillion.

In Asia, Nikkei225 added 0.66 percent, Kospi in South Korea rose 1.07 percent and Hang Seng increased by 1.65 percent. (*)

The post The Insider Morning Notes – JCI expected to go up, mining stocks may lead appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Morning Notes – JCI expected to go up, mining stocks may lead

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