Market Recap
On Friday of Dec. 20, JCI was rebound, backed by the infrastructure sector. JCI’s Top Gainers: Infrastructure (+2.0%), Basic Ind. (+1.3%), Misc. Ind. (+0.9%).
Unlike JCI, INNI pointed lower as UNTR showed disappointing performance. A downturn in the mining sector subdued UNTR’s heavy machinery sales much lower than that in Dec. 2018.
Daily Foreign & Domestic Sector Movement
JCI’s closed Friday’s trading session with foreign inflows of IDR2.79 trillion whose the largest proportion of IDR2.6 trillion mostly contributed by the banking sector. FREN was bullish because it posted IDR2.46 trillion in the negotiation market; conversely, ISAT was bearish at 1.69% following the sales of 2,100 telecommunication towers to PT Dayamitra Telkomunikasi (Mitratel). The proceeds of the sales worth of IDR6.39 trillion will be spent on investment and services expansion.
The last part turned bit relieving as the rupiah exchange rate for USD nudged up 0.01% to 13,984.
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