Market Recap
On Friday’s trading of Dec. 06, JCI was rebound, backed by the banking and basic industry sectors. JCI’s Top Gainers: Agriculture (+2.7%), Property (+2.0%), Basic Ind. (+1.1%).
Like JCI, INNI index was rebound, sustained by WSKT, INNI’s top gainer for posting a 10% gain. WSKT targets to attain cash inflows of IDR26 trillion, deriving from the turnkey projects.
Daily Foreign & Domestic Sector Movement
On Friday’s trading of Dec. 06, JCI strengthened as it received foreign inflows of IDR772 billion. As did JCI, most of Asia markets were rebound. Investors retained wait-and-see stance in relation to the subsequent stages of the US-China trade deals after Trump convinced that both countries were working toward mutual deals. A glimpse at commodities, Dec. benchmark prices for coal stood at USD66.3 per ton or a 0.045% increase from USD66.27 in Nov. But the hike was incapable of strengthening mining stocks. Furthermore, the rupiah exchange rate for USD nudged up 0.21% to 14,038.
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