Market Recap
JCI retreated, held back by stocks of the infrastructure and banking sectors. JCI’s Top Losers: Infrastructure (-6.6%), Basic Ind.(-5.6%), Misc. Ind. (-4.9%).

INNI index retreated as consumer stocks were the top losers on Monday’s trading session of Mach 16, 2020.

Daily Foreign & Domestic Sector Movement
JCI posted foreign inflows of IDR238 billion due to stock buyback. A glance at commodities, CPO stocks plunged in the early week of trading sessions as a mounting surge in Covid-19 infection cases; that was reflected in prices of 3-month CPO futures contract on Bursa Malaysia Derivatives dropped by 2.03% to RM2,221 per ton. Besides, prices of gold also plunged lower than USD1,500 per troy ounce even though the Fed aggressively cut its benchmark interest rates and rolled out its quantitative easing policy.

Meanwhile, the rupiah’s exchange rate for USD dropped 1.05 percent to 14,933.

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