JCI ended Tuesday’s trading with declines, hampered by the agriculture sector. JCI’s Top Losers: Agri. (-1.9%), Property (-1.2%), Consumer (-0.5%).
INNI index dropped as WSKT, a construction stock, post a 3.3% loss following news of WSKT’s projects to involve fictitious subcontractors.
Daily Foreign & Domestic Sector Movement
JCI received foreign inflows of IDR220 billion and recorded PT Indonesia Fibreboard Industry Tbk (IFII) to post IDR564.8 billion worth of crossing shares. Despite receiving foreign inflows, JCI, as did Asia markets, dipped as International Monetary Fund (IMF) revised lower 2020’s global economic growth from 3.4% to 3.3%. The revised lower estimate is on grounds of India’s lagging economic growth and the projection of worsening trade relation between the US and its business partners. The rupiah exchange rate for USD was depreciated at 0.22% to 13,669.
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