Market Recap
JCI left Monday’s trading session of Feb.23 bearish as all across sectors ebbed. JCI’s Top Losers: Agri. (-2.5%), Misc. Ind. (-1.4%), Property (-1.3%).
ICBP amid INNI index’s all across bearish stocks nudged up 0.7%.
Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR505 billion, with stocks of the banking sector to lead the outflows of IDR631 billion. Investors rushed for gold as safe havens, and April Comex gold futures to soar 2.07% to USD 1,683 portrayed the safe-haven binge. Stocks of MDKA, the minerals miner, enjoyed its bullish territory of a 1.49% increase after securing IDR50 billion worth of foreign investors’ insatiable appetite for gold. Conversely, MEDC to post IDR16 billion worth of foreign inflows had yet to reign in the green; its bonds to be mature in March 2020 could be the hiccup to trap it in the red despite the management to affirm the Company’s funds liability for settling its to-be-mature bonds.
The rupiah exchange rate against USD was depreciated by 0.81% to 13,87.
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