Market Recap
JCI closed lower, subdued by the consumer goods sector. JCI’s Top Gainers: Basic Ind. (+1.4%), Consumer (+0.7%), Mining (+0.1%).
INNI index pointed lower, subdued by the property stocks, i.e., PWON. Despite its lagging performance, PWON posted solid growth of recurring income amid declines in apartment sales.
Daily Foreign & Domestic Sector Movement
JCI recorded foreign inflows of IDR165 billion. Asia markets, as did JCI, pointed lower as investors were less optimistic about subsequent stages of the US-China trade deals. WTI and Brent Crude prices rose after the depleting stockpiles of US crude oil depleted and OPEC’s output cut. The oil gains were also attributable to a distant trade peace of the US and China. The rupiah exchange rate for USD was appreciated at 0.07% to 14,105.
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