JCI rallied, underpinned by the agriculture sector. JCI’s Top Gainers: Agri. (+3.9%), Basic Ind. (+2.3%), Mining (+1.4%).
INNI index was rebound as PTBA, the mining stock, advanced. That was attributable to Indonesia’s Feb Coal Benchmark Price (HBA) to set at USD66.89 per ton.
Daily Foreign & Domestic Sector Movement
Foreign investors recorded IDR557 billion worth of net buy on Wednesday’s trading session of Feb. 05, 2020. They binged on bank stocks at the largest portion, had a light appetite for mining stocks, and spent IDR44 billion on ADRO. Of note, ADRO plans to reduce its reliance on thermal coal and boost more coking coal production. The UK has left the EU, and as the transition period begins, the UK implements new regulations of CPO trading, to include ease requirements for Indonesian CPO exports.
Meanwhile, the rupiah exchange rate for USD was appreciated by 0.18% to 13,690.
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