Market Recap
JCI was rebound after a 7-day bearish mood thanks to stocks of the banking sector. JCI’s Top Losers: Finance (+3.4%), Mining (+2.8%), Basic. Ind. (+2.5%).
INNI Index rallied, backed by INCO and PTBA, the mining stock.
Daily Foreign & Domestic Sector Movement
Although JCI was rebound, it still record foreign outflows of Rp241 billion. Turning to the commodities, gold and CPO were also rebound as seen in ANTM’s 5.13% hike in line with prices of Comex gold for April 2020’s contract to pick up 0.16 percent to USD1,597.40 per troy ounce. Meanwhile, CPO futures prices for June 2020’s contract were rebound as Malaysia and India’s trade bettered off. Indonesian CPO—AALI (+2.11%), LSIP (+6.88%)— enjoyed the rally as those two economies tied mutual trade partnership. Apart from commodities, the rupiah exchange rate for USD edged down 0.13 percent to 14,283.
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