Market Recap
JCI snapped higher, backed by the consumer sector. JCI’s Top Losers: Agriculture (+1.4%), Trade (+1.0%), Basic Ind. (+0.6%).

INNI index rallied, backed by consumer stocks (e.g. KLBF to advance by 5.4%). KLBF in 2020 plans to allocate CapEx of IDR1 trillion.

Daily Foreign & Domestic Sector Movement
After 5-day foreign inflows, JCI ended Thursday’s trading session with recording foreign outflows of IDR731 billion. The banking stocks made up the largest outflows proportion of IDR332 billion following the regulation of lenders’ minimum core capital of IDR3 trillion to take into effect at the end of January or early February 2020. A glance at commodities, nickel’s 2020 outlook is likely promising in light of electric vehicle production, the US-China’s easing tensions to boost demand for nickel.

The rupiah exchange rate for USD slightly dropped at 0.38% to 13,643.

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