Market Recap
JCI ebbed for 3 consecutive days. JCI’s Top Losers: Agri. (-2.5%), Basic Ind. (-2.0%), Misc. Ind(-1.4%). INNI index, as did JCI, continued to diminish as miners were underperformed.
Daily Foreign & Domestic Sector Movement
JCI, on Monday of Feb’s 03, gave up foreign capital of IDR812 billion, with the largest proportion of IDR488 billion withdrawn from the banking sector. Likewise JCI, Asia markets were lethargic over the lethal effects of coronavirus pandemic to spook global economic jitters. To avoid further tumble in Chinese stock prices, in People’s Bank of China (PBOC), on Monday of Feb’s 03, injected 900 billion yuan worth of liquidity into the financial system via the reduction of seven-reverse repo rates by 2.4%.
Meanwhile, the rupiah exchange rate for USD nudged up 0.64% to 13,742.
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