Market Recap
JCI closed higher on Friday of Jan 10 as the mining sector rallied. JCI’s Top Gainers: Mining (+1.5%), Trade (+0.7%), Infrastructure (+0.1%).
INNI index rallied, backed by consumer stocks (i.e. KINO to advance 9.0%).
Daily Foreign & Domestic Sector Movement
JCI closed Friday’s trading of Jan. 10 with IDR95 billion worth of foreign inflows for which the telecommunication sector accounted the largest proportion of IDR63 billion. JCI, likewise the rest Asia market, cheered a two-day diplomatic visit of China’s top negotiator Vice Premier Liu He to travel to Washington signing the US-China’s first phase of trade deals. A quick snapshot of commodities, India to curb Malaysia-imported CPO is projected to ignite a price war with Indonesia as the world’s top CPO importer and whittle prices of CPO away.
The rupiah exchange rate for USD, meanwhile, was appreciated at 0.59% to 13,772.
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