Market Recap
JCI gave up 2% gains on Friday’s trading session of Jan.31, diminished by the banking and mining sectors. JCI’s Top Losers: Misc. Ind. (-3.3%), Finance (-2.3%), Consumer (-2.1%). INNI index ebbed, held backed by the consumer sectors, (i.e., KINO and KLBF).
Daily Foreign & Domestic Sector Movement
JCI ebbed as it recorded foreign outflows of IDR1.8 trillion. Fears of coronavirus pandemic to turn China’s economy into disarray left coal prices slumping as China is the world’s largest coal consumer. Besides German’s authority to decide to close 100 coal-fired power plants was a blow for the coal industry. The two facts beat coal miners ITMG (-6.51%), ADRO (-5.41%), and PTBA (-1.34%) on Friday of Jan. 31. Meanwhile, the rupiah exchange rate for USD nudged up 0.01% to 13,655.
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