Indonesia Market Recap
JCI ended 2019 with a lower close as the banking sector and basic industry halted its moves. JCI’s Top Losers: Basic Ind. (-1.6%), Consumer (-0.8%), Mining (-0.6%).
Cement oversupply lurks cement makers as INTP to snap lower on Monday’s trading session of Dec. 30 was the culprit in INNI’s declines. To keep its performance in check, INTP will carry on efficiencies in 2020.
Daily Foreign & Domestic Sector Movement
JCI posted a 5-day winning streak as on Monday’s trading session of Dec. 30, it still received foreign inflows of IDR1.8 billion. In 2019, it posted foreign inflows of IDR49.19 trillion ytd, reflecting its sound performance amid the dynamic global state. A glance at commodities, WTI and Brent jumped due to the tumbling US oil stockpiles, the depreciated USD, and missile attacks on the Middle East. The rupiah exchange rate for USD at the end of 2019 was appreciated at 0.19% to 13,925.
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