Indonesia stock market outlook january 12 2012

Indonesia stock info - Indonesia stock market outlook january 12 2012 ; The Indonesia stock market on Wednesday halted the two-day winning streak in which it had gathered more than 70 points or 1.8 percent. The Jakarta Composite Index finished just below the 3,910-point plateau, and now analysts are forecasting continued consolidation when the market kicks off trade on Thursday.

The global forecast for the Asian markets suggests mild selling pressure, with caution likely to reign ahead of central bank meetings from the European Central Bank and the Bank of England later in the day. Limiting the downside, the Federal Reserve's Beige Book said that U.S. economic activity expanded at a modest to moderate pace in the latter part of last year. Financials may provide support, although gold and oil stocks are expected to fall. The European markets ended firmly in the red and the U.S. bourses were mixed but little changed - and the Asian markets are expected to split the difference.

The JCI finished modestly lower on Wednesday following losses from the financials and consumer goods.

For the day, the index fell 29.20 points or 0.7 percent to finish at 3,909.64 after trading between 3,902.34 and 3,954.86. Volume was 4 billion shares worth 4.96 trillion rupiah. There were 124 decliners and 101 gainers. Among the decliners, Unilever Indonesia shed 2.5 percent.

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