Market Recap
JCI closed lower, subdued by the miscellaneous and banking sectors. JCI’s Top Losers: Misc. Ind (-0.9%), Agriculture (-0.8%), Basic Ind. (-0.7%). Likewise JCI, INNI Index edged down, subdued by cement stocks, SMGR and INTP.
Daily Foreign & Domestic Sector Movement
JCI was pointed lower due to foreign outflows of IDR110 billion, the largest amount of which IDR70 billion pulled out from BBCA after PT BCA Finance spent ID397 billion worth of PT Bank Rabobank International Indonesia acquisition. Conversely, Asia markets edged up as investors monitoring tariffs on Chinese exports of USD156 billion to take into force on Sunday, Dec. 15 retained wait-and-see stance. The rupiah exchange rate was appreciated at 0.13 percent to 14,038.
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