Market Recap
JCI was rebound, backed by the basic industry sector. JCI’s Top Gainers: Basic Ind. (+1.2%), Misc. Ind. (+0.6%), Consumer (+0.3%).
INNI index gave up gains, hampered by declines in PTBA along with ICE NewCastle Coal Apr’ 20 Futures prices to plunge to USD71.30 per metric ton.
Daily Foreign & Domestic Sector Movement
JCI ended Thursday’s trading with foreign outlflows of IDR297 billion whose the largest proportion of IDR283 billion was withdrawn from the banking sector. Although investors pulled their funds out of JCI’s sectors, TPIA gained foreign inflows of IDR9 billion after signing cooperation with Abu Dhabi National Oil Company (ADNOC). The cooperation provides TPIA with greater raw material supplies. Another to TPIA increments, BBRI nudged up 0.64% following solid profits of IDR34 trillion underpinned by 2019’s double-digit growth in credit distribution. Meanwhile, the rupiah exchange rate for USD grew slightly to 13,639.
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