Indonesia Market Recap
JCI closed lower after investors’ hope for diplomatic peace between the US and Iran faded away. JCI’s Top Losers: Basic Ind. (-2.1%), Agriculture (-1.5%), Property (-1.0%).
INNI index strengthened as miners stocks rallied, i.e., TINS and ANTM.
Daily Foreign & Domestic Sector Movement
The US and Iran conflict heated after Iran stroke US troops in Iraq. Iran’s missile attack sent the Asia market to tumble, including JCI to close Wednesday’s trading of Jan’08 with foreign outflows of IDR300 million. However, Iranian tit-for-tat attack gave lustrous momentum for CPO, oil, and gold as oil stocks rallied, i.e., MEDC (+1.67%). Investors also binged on gold as safe haven as its prices outshone, leading momentum for gold miners’stocks, i.e., ANTM (3.43%).
Meanwhile, the rupiah exchange rate for USD was depreciated at 0.16% to 13,900.
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