Market Recap
JCI won a three-day rally streak, backed by stocks of the banking and consumer sectors. JCI’s Top Gainers: Misc. Ind. (+1.9%), Basic Ind. (+1.1%), Finance (+0.8%).

INNI index advanced, backed by ASII to pick up 2.5%. ASII is optimistic about the national automotive to grow ~5%.

Daily Foreign & Domestic Sector Movement
On Wednesday’s trading session of Feb. 19, JCI recorded foreign inflows of IDR105 billion. Having held AGM, BMRI became the top-pick stock, secured foreign funds of IDR16.49 trillion, and rallied 1.6%. BMRI’s AGM decided to pay dividend amounting to IDR16.49 trillion equal to 60% of FY19’s net profits. Likewise JCI, Asia markets rallied after the Chinese government’s unflinching efforts to recover its economy paralyzed by coronavirus outbreak tempered investors’ anxieties. The CPO futures contract for February 2020 on Bursa Malaysia Derivatives slumped as the European Union food companies require Indonesian and Malaysian CPO makers to reduce mineral oil hydrocarbons content of palm oil. Meanwhile, the rupiah exchange rate for USD slightly dropped by 0.01% to 13,695.

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