Jakarta stocks rebound after five-day losing streak

Jakarta stocks may have a technical rebound on Wednesday from a five-day losing streak in which the index lost more than seven percent of its value.
"I think the market could close in positive territory today. A technical rebound is the factor," said Bambang Setiadi, a portfolio manager at Sinarmas Sekuritas.
However, some analysts doubted the index could resume its positive trend in the near future due to lack of positive leads.
The Jakarta Composite Index plunged by three percent on Tuesday, its biggest drop in one day since the JW Marriott Hotel bombing in Jakarta on August 5 which killed 12 people and injured 150.