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Jakarta stocks to stay in green zone, analyst says

JAKARTA: The Jakarta Composite Index (JCI) is projected to move within a limited range tomorrow. A decreasing oil price and the rebound of the banking shares will bring index to the green zone tomorrow.An analyst of PT Batavia Prosperindo Sekuritas Julio

JAKARTA: The Jakarta Composite Index (JCI) is projected to move within a limited range tomorrow. A decreasing oil price and the rebound of the banking shares will bring index to the green zone tomorrow.An analyst of PT Batavia Prosperindo Sekuritas Julio Parningotan told thatthe risingregional market, such as Nikkei 225, will support the index movement. JCI is projected to move within range 3,770-3,850.Financial sector, which backed the JCI today, is estimatedto maintain the positive performance. Foreign investors booked the net buyof IDR336.32 billion today.Jakarta Composite Index (JCI), which measures the overall performance of Indonesian shares, continued its rally with 0.40% gain or 15.07 points to 3,800.52 in line with the regional markets which were mainly closed in the green zone. The JCI was moving in the range of 3,782.17-3,801.50. About one share rose for every one share that fell, while almost a half of the shares remained unchanged. (NOM)

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