India, July 20 -- The Indonesia stock market has moved higher in 10 straight sessions, gathering more than 440 points or 6.3 percent along the way. The Jakarta Composite Index now sits just above the 7,310-point plateau although it's overdue for consolidation on Monday.
The global forecast for the Asian markets is fairly directionless amidst a lack of catalysts, with oil and biotechnology stocks likely to fall under pressure. The European and U.S. markets were mixed and flat and the Asian bourses are expected to follow suit.
The JCI finished modestly higher on Friday following gains from the energy and telecoms companies, while the financials were mixed and the resource stocks were down.
For the day, the index added 24.90 point or 0.34 p...