Market Recap
JCI nudged up, backed by the property sector. It is expected that looser LTV and the current luxury tax (PPnBM) scheme better the property sector’s outlook. JCI’s Top Gainers: Property (+1.1%), Basic Ind. (+0.3%), Mining (+0.1%).
Likewise JCI, INNI index nudged up, underpinned by stocks of the construction sector, i.e., WSKT and WIKA.
Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR693 billion, with the largest portion of IDR262 billion flew from BBRI. Investors retain anticipate stance amid AGM of Feb. 18, 2020. In contrast to BBRI, GGRM secured the largest inflows of IDR19.8 billion as its current agenda is to start the construction of Kediri Airport in April 2002. The construction project is estimated to last for 2 years and finishes in 2022.
The rupiah exchange rate for USD nudged up 0.24% to 13,600.
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