Market Recap
JCI continued to close lower, held back by the mining sector. JCI’s Top Losers: Mining (-1.7%), Infrastructure (-0.8%), Property (-0.6%).
INNI index closed lower, held back by the mining stocks (i.e. TINS, ANTM, and PTBA).
Daily Foreign & Domestic Sector Movement
JCI recorded foreign inflows of IDR290 billion as the banking sector gained the largest inflows of IDR363 billion. Most Asia markets, as opposed to JCI, rallied to cause massive net buy. That rally was on grounds of South Korea’s 4Q19 solid economic growth at 2.2%, higher than the estimate of 1.9%. Besides, China’s attempts for containing Coronavirus ahead of the Lunar New Year Holiday eased investors’ anxieties.
Meanwhile, the rupiah exchange rate for USD advanced 0.18% to 13,644.
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