Market Recap
JCI made a 3-day winning streak as the banking sector was buoyant. JCI’s Top Gainers: Property (+1.6%), Agriculture (+0.6%), Trade (+0.3%). Unlike JCI, INNI index pointed lower, subdued by retail stocks, i.e., MAPI and LPPF.
Daily Foreign & Domestic Sector Movement
On Monday’s trading session of Dec. 09, foreign investors pulled out their money of IDR56 billion from JCI. CPO prices are at its current best momentum to heighten investors’ optimism about the bright outlook of CPO industry. It sent CPO stocks to soar, i.e., TBLA (+3.43%) and SIMP (+3.65%). On the other hand, PT Cikarang Listrindo Tbk (POWR) announced the distribution of the 2019 interim dividend of IDR392.72 billion. Based on its 3Q19 earnings, PWON enjoyed net profits of USD78.9 million or a 30.1% increase from USD60.6 million in 3Q18.
The rupiah exchange rate for USD pointed higher 0.20 percent to 14,010.
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