Market Recap
On Friday of Jan 17, JCI slightly increased, backed by the basic industry sector. JCI’s Top Losers: Agriculture (+0.7%), Trade (+0.7%), Basic Ind. (+0.6%). INNI index closed lower, hampered by miscellaneous stocks, e.g., TLKM and JSMR.

Daily Foreign & Domestic Sector Movement
On Friday of Jan. 17, JCI cheered foreign inflows of IDR196 billion as the banking sector posted foreign inflows of IDR361 billion. Although ASII securing transactions of IDR28.4 billion became one of the top foreign buy, it closed lower by 0.70%. ASII’s success to expand its market share amid the downbeat 4W sales underlined foreign investors’ insatiable appetite for ASII. Apart from JCI, Asia markets were rebound, backed by Chinese 4Q19 economic data to show a 6% hike. Investors expected China to launch stimuli packages in 2020. The rupiah exchange rate for USD decreased little by 0.01 to 13,645.

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