Market Recap
JCI closed higher as the banking sector was rally. JCI’s Top Gainers: Agriculture (+1.7%), Basic Industry (+1.5%), Mining (+1.1%).
INNI Index nudged up 0.41%, backed by the rally in coal miners’ stocks, i.e. ADRO (+5.9%) and PTBA (+3.4%).
Daily Foreign & Domestic Sector Movement
JCI was at a rally as it received foreign inflows of IDR761 billion with the largest amount of IDR554 billion run to the banking stocks. Trump and Xi’s renewed talks tempered markets’ deep anxieties about trade wars leaving gloomier global economic outlook. The talks were positive catalysts for large-cap. banks’ stocks, i.e. BBRI (+1.38%) and BBNI (+1.90%).
USDIDR nudged up 1% to IDR14,112 as the General Elections Commissions (KPU) named Joko Widodo and Ma’ruf Amis as President-elect and Vice President-elect.
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