Indonesia Market Recap
JCI, on Friday of Jan. 03, was rebound, backed by the banking and basic industry sectors. JCI’s Top Gainers: Basic Ind. (+1.3%), Infrastructure (+1.2%), Misc. Ind (+0.8%).
INNI index was rebound, backed by construction stocks, WIKA and WSKT.
Daily Foreign & Domestic Sector Movement
JCI received foreign inflows of IDR773 billion on Friday’s trading session of Jan. 01 as the banking sector led the largest gains of IDR393 billion among the rest. In early 2020, deposit rates are estimated to lower: continuing response to relaxed BI 7-D RRR. Lenders are estimated to keep their persistence in spurring current account and savings account (CASA) in order to maintain the cost of funds.
The rupiah exchange rate for USD was depreciated at 0.27% to 13,930.
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