Market Recap
JCI was in the red on Friday’s trading session of Feb. 28 as the miscellaneous sector weakened. JCI’s Top Losers: Misc. Ind. (-5.8%), Agri. (-4.2%), Consumer (-3.1%).
INNI index, as did JCI, ebbed, dragged down by stocks of the mining sector, namely INCO and ANTM.
Daily Foreign & Domestic Sector Movement
JCI on Friday’s trading session of Feb. 28 recorded foreign outflows of IDR17 billion, and the largest outflows of IDR123 billion were posted by ASII. Foreign investors decided to sell-off ASII due to ASII’s dull performance in 2019, the lagging global economy, and coronavirus outbreak to make gloomier automotive business outlook. Besides, large-cap. stocks of the banking sector recorded capital outflows due to the lack of positive sentiments from the domestic economy and the coronavirus pandemic to diminish business outlook and worsen qualities of banking credits.
Meanwhile, the rupiah’s exchange rate for USD was depreciated 2.09% to 14,318.
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