Market Recap
JCI closed lower, subdued by the consumer goods sector. JCI’s Top Losers: Consumers (-1.0%), Misc. Industry (-0.9%), Property (-0.3%).
INNI index advanced, backed by property stocks, PWON and CTRA amid 2020 mundane property outlook.
Daily Foreign & Domestic Sector Movement
JCI gave up foreign funds of IDR565 billion, with the largest outflows of IDR222 billion posted by the mining sector. Most Asia markets were in the bearish mode because the US policies exaggerated its trade disputes with China. The US announced visa restrictions on Chinese officers violating human rights over Uyghur Muslims in Xinjiang, China. A glance at commodities, WTI crude oil Nov. futures contract declined due to the US rising stockpiles.
The rupiah exchange rate against USD nudged up 0.18% to 14,140.
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