Market Recap
JCI ended its rally, held back by the banking sector. JCI’s Top Losers: Agriculture (-3.3%), Misc. Ind. (-2.5%), Basic Ind. (-1.3%).
INNI index dropped more than 2%, subdued by WSKT. WSKT revoked the debt rating given by PT Pemeringkat Efek Indonesia (Pefindo) to revised lower WSKT’s rating from stable to negative.
Daily Foreign & Domestic Sector Movement
JCI saw its sectors to whet foreign investments of IDR330 billion on Monday’s trading session of Feb. 10, 2020. Although MYOR secured foreign funds of ~IDR533 billion, it failed to pace in the green. Prices of CPO for 2020’s April contract remained low due to the downturn in CPO exports; even the depleting stockpiles of Malaysia CPO failed to boost April’s prices.
The rupiah exchange rate against USD, meanwhile, dipped 0.27% to 13,712.
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