Market Recap
JCI continued to slump, subdued by the banking sector. JCI’s Top Losers: Basic Ind. (-1.6%), Finance (-0.6%), Infrastructure (-0.5%). INNI Index was rebound, backed by construction stocks.

Daily Foreign & Domestic Sector Movement
JCI was prone to foreign outflows of IDR469 billion as fears of corona virus outbreak to deteriorate the economy loom global and regional markets. The verge of global pandemic left Lunar New Year celebration and market’s optimism dismal, for the fears of Chinese derailed economy mounted. Indeed, the coronavirus pandemic and market’s dismal optimism left banking sectors vulnerable to IDR479 worth of foreign funds.

In addition, the rupiah exchange rate for USD dropped by 0.21% to 13,644.

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