Market Recap
JCI pointed lower as the banking and consumer goods were underperformed. JCI’s Top Losers: Agriculture (-0.8%), Consumer (-0.6%), Infrastructure (-0.4%).
Likewise JCI, INNI index pointed lower, subdued by construction stocks, i.e., PTPP, WSKT, and WIKA.
Daily Foreign & Domestic Sector Movement
JCI reported foreign outflows of IDR305 billion with the banking sector accounting for IDR54 billion worth of foreign outflows. Likewise JCI, Asia markets pointed lower after Chinese authorities banned state offices from using imported tech. products for three years. Additionally, prices of gold are in the best momentum ahead of the final FOMC meeting in 2019 and tariffs on Chinese exported goods to the US to take into effect next week.
The rupiah exchange rate for USD edged down 0.07 to 14,020.
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