JCI nudged up as the banking sector gained. JCI’s Top Gainers: Mining (+0.6%), Property (+0.5%), Agriculture (+0.5%).
INNI Index was rebound as PTBA, one of its mining stocks, to expand businesses by constructing a coal-fired power plant (PLTU) in South Sumatera picked up.
Daily Foreign & Domestic Sector Movement
JCI recorded its stocks in the banking sector whetted foreign investors’ appetite for investments as those stocks secured foreign capital of IDR279 billion. The coronavirus also spooked Indonesian automotive industry as a number of car producers had to temporarily shutdown 4W production due to the lack of stockpiles of China-imported 4W spare-parts. That was the culprit in IDR54 billion worth of foreign outflows from ASII. As opposed to stocks of the automotive sector, EXCL, one of telecommunication stocks, advanced 2.14% after releasing 4Q19 earnings to boast of revenues of IDR25.13 trillion or a 9.56% increase from IDR22.94 trillion in 4Q18. The rupiah’s exchange rate against US dollar, meanwhile, picked up 0.27% to 13,675.
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