ALGHANIYYA SHAFIRA
2190052
ADVANCED BUSINESS ENGLISH
1. Copy and paste the news about stock market in Indonesia recently that
you have got from online newspaper.
ANSWER:
“Indonesia Stock Market May Be Stuck In Neutral”
(RTTNews) - The Indonesia stock
market on Wednesday snapped the
three-day losing streak in which it had
dropped almost 150 points or 2.5
percent. The Jakarta Composite Index
Now sits just above the 6,050-point
plateau although it may spin its
wheels on Thursday.
The global forecast is murky, with
support from crude oil prices offset by
weakness from technology stocks.
The European and U.S. markets were
mixed and the Asian bourses figure to
follow suit.
The JCI finished sharply higher on
Wednesday following gains from the
financial shares, resource stocks and
cement companies.
For the day, the index spiked 122.84
points or 2.07 percent to finish at the
daily high of 6,050.28 after moving as
low as 5,962.32.
‘Among the actives, Bank Danamon
Indonesia spiked 3.00 percent, while
Bank CIMB Niaga rallied 3.30 percent,
Bank Negara Indonesia advanced 1.72
percent, Bank Central Asia climbed
5.08 percent, Bank Mandiri collected
0.40 percent, Bank Rakyat Indonesia
increased 4.57 percent, Indosat
accelerated 2.68 percent, Indocement
soared 5.11 percent, Semen Indonesia
surged 5.24 percent, United Tractors
skidded 1.22 percent, Astra
International was up 3.45. percent,
Astra. Agro Lestari jumped 1.53
percent, Aneka Tambang perked 2.64
percent, Vale Indonesia improved 1.37
percent, Timah gained 0.66 percent,
Bumi Resources gathered 1.69
percent and Indofood Suskes and
Energi Mega Persada were
unchanged
The lead from Wall Street provides
little clarity as stocks opened higher
on Wednesday but turned lower asthe day progressed,
finishing mixed.
eventually
The Dow added 53.62 points or 0.16
percent to finish at 33,730.89, while
the NASDAQ tumbled 138.26 points
or 0.99 percent to end at 13,857.84
and the S&P 500 fell 16.93 points or
0.41 percent to close at 4,124.66.
The weakness that emerged in the
broader markets seemed to coincide
with a downturn by shares of
Coinbase (COIN), which spiked early
but then pulled back well below its
debut price. The cryptocurrency
exchange's direct listing on the
NASDAQ was closely watched by
investors and described as a
watershed moment for the industry.
Traders also kept an eye on remarks
by Federal Reserve Chair Jerome
Powell, who told the Economic Club of
Washington the central bank is likely
to scale back its asset purchase
program well before raising interest
rates.
In economic news, the Fed released
its Beige Book, which noted economic
activity in the U.S. accelerated to a
moderate pace from late February to
early April. Also, the Labor Department
noted another strong increase by
import prices in March.
Crude oil futures spiked on
Wednesday, buoyed by an upward
revision in the global oil demand
forecast by the International Energy
Agency. West Texas Intermediate
Crude oil futures for May jumped
$2.97 or 4.9 percent at $63.15 a
barrel, the highest settlement in four
weeks,
Closer to home, Indonesia will release
March numbers for imports, exports
and trade balance later today. Imports
are expected to rise 6.0 percent on
year after jumping 14.86 percent in
February. Exports are called higher by
an annual 11.74 percent after rising
8.56 percent in the previous month.
The trade surplus is pegged at $1.64
billion, down from $2,01 billion a
month earlier.
Source:
www.nasdaq.com/articles/indonesia~
stock-market-may-be-stuck-in-
neutral-2021-04-14
2. Make a paragraph for summary of that news
ANSWER: The Indonesia stock market on Wednesday snapped the
three-day losing streak in which it had dropped almost 150 points or
2.5 percent. The global forecast is murky, with support from crude oil
prices offset by weakness from technology stocks. The JCI finishedsharply higher on Wednesday following gains from the financial
shares, resource stocks and cement companies.
For the day, the index spiked 122.84 points or 2.07 percent to finish at
the daily high of 6,050.28 after moving as low as 5,962.32. The lead
from Wall Street provides little clarity as stocks opened higher on
Wednesday but tured lower as the day progressed, eventually
finishing mixed.
The weakness that emerged in the broader markets seemed to
coincide with a downturn by shares of Coinbase, which spiked early but
then pulled back well below its debut price. Crude oil futures spiked on
Wednesday, buoyed by an upward revision in the global oil demand
forecast by the International Energy Agency. West Texas Intermediate
Crude oil futures for May jumped $2.97 or 4.9 percent at $63.15 a
barrel, the highest settlement in four weeks.
Closer to home, Indonesia will release March numbers for
imports, exports and trade balance later today. Imports are expected to
rise 6.0 percent on year after jumping 1486 percent in
February. Exports are called higher by an annual 11.74 percent after
rising 8.56 percent in the previous month.
List 5 important facts that you find from the news
ANSWER:
a) The Indonesia stock market on yesterday (Wednesday) snapped the
three-day losing streak in which it had dropped almost 150 points or
2.5 percent.
b) Yesterday (Wednesday), the index spiked 122.84 points or 2.07
percent to finish at the daily high of 6,050.28 after moving as low as
5,962.32.
c) The JCI finished sharply higher on Wednesday following gains from
the financial shares, resource stocks and cement companies.
d) The weakness that emerged in the broader markets seemed to
coincide with a downturn by shares of Coinbase (COIN), which spiked
early but then pulled back well below its debut price.
e) Indonesia will release March numbers for imports, exports and trade
balance later. Imports are expected to rise 6.0 percent on year afterjumping 14.86 percent in February. Exports are called higher by an
annual 11.74 percent after rising 8.56 percent in the previous month.
4. Write some sentences of your opinion about that news.
ANSWER: In my opinion after reading about the news, | can see that
Indonesia Stock Market may be truly has been neutral for these weeks
of period. A loss for three days, and for Wednesday, there's a gain that
covered the loss such as from the financial shares, resource stocks,
and cement companies. Although for the next day, the stock market is
still unpredictable. So we still need to be careful and prepared for
anything that comes in the future.