Indonesia's stock market has finished lower in three consecutive sessions, sinking almost 75 points or 1 percent along the way. The Jakarta Composite Index is now just above the 7,350 plateau, although it is expected to open in the green on Monday.
The global forecast for Asian countries. markets It's murky as investors try to balance upbeat economic data with its implications for interest rates. European markets fell on Friday and US stocks rose slightly and Asian markets are expected to split the difference.
The JCI closed slightly lower on Friday as losses from cement and resources companies were offset by support from the financial sector.
During the day, the index fell 9.14 points or 0.12 percent to end at the daily low of 7,350.62 after reaching a high of 7,403.58.
Among assets, Bank CIMB Niaga rose 0.29 percent, while Bank Mandiri rose 1.18 percent, Bank Danamon Indonesia raised 0.35 percent, Bank Negara Indonesia fell 0.45 percent, Bank Central Asia improved by 1.06 percent, Bank Rakyat Indonesia advanced by 0.88 percent, Indosat Ooredoo Hutchison fell by 1.59 percent, Indocement fell by 1.07 percent, Semen Indonesia fell by 1.54 percent, United Tractors lost 0.11 percent, Astra International fell 1.32 percent, Energi Mega Persada jumped 1.63 percent, Astra Agro Lestari sank 0.70 percent, Aneka Tambang lost 0.59 percent, Vale Indonesia fell 1.82 percent. percent, Timah fell 0.78 percent and Bumi Resources and Indofood Success were unchanged.
Wall Street's lead offers little clarity, as the major averages saw considerable volatility on Friday before ending with slight gains.
The Dow Jones added 25.81 points or 0.07 percent to finish at 37,466.11, while the Nasdaq rose 13.77 points or 0.09 percent to close at 14,524.07 and the S&P 500 rose 8, 56 points or 0.18 percent to close at 4,697.24.
During the week, the major averages fell for the first time in 10 weeks as the Nasdaq fell 3.3 percent, the S&P 500 fell 1.5 percent and the Dow Jones fell 0.6 percent.
The volatility came as traders reacted to key U.S. economic data, including a closely watched Labor Department report that showed stronger-than-expected job growth in December.
While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders digested details of the report, which also showed notable downward revisions to employment growth in October and November.
Crude oil showed a strong upward move on Friday, reflecting current fears of an escalation of the war between Israel and Hamas into a broader regional conflict. West Texas Intermediate for February delivery rose $1.62 or 2.2 percent to $73.81 a barrel.
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