India, Feb. 16 -- The Indonesia stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had plummeted more than 540 points or 7.9 percent. The Jakarta Composite Index now sits just beneath the 6,640-point plateau and it may tick lower again on Monday.
The global forecast for the Asian markets is flat to lower, with energy stocks likely to lead the way lower. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.
The JCI finished modestly higher on Friday following gains from the resource stocks, weakness from the telecoms and mixed performances from the financial shares and cement companies.
For the day, the index added 24.89 points or 0...