Market Recap
After deep contraction, JCI made a little rebound on Friday’s trading session of March 13, 2020. JCI’s Top Gainers: Infrastructure (+1.4%), Finance (+1.1%), Consumer (+0.7%).
INNI index retreated still, subdued by the consumer sector’s stocks, i.e., KINO and GGRM.
Daily Foreign & Domestic Sector Movement
JCI, on Friday’s trading session of March 13, 2020, was murky due to IDR575 billion worth of foreign outflows. JCI ‘s plunge was alike other Asia bourses. The companies whose stocks listed on IDX were excited about IDX’s policy on the ease of stock buyback requirement; hence, those companies announced stock buyback are ACES, KLBF, POWR, SSIA, JRPT, BBRI, and PNBN.
Additionally, the rupiah exchange rate against the US dollar was depreciated by 1.76% to 14,778.
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