Market Recap
On Friday, (11/01), JCI closed lower, held back by the banking sector. JCI’s Top Losers: Misc. Ind. (-1.8%), Mining (-1.8%), Property (-1.0%).
INNI index closed lower, subdued by construction stocks, i.e. PTPP (-6.25) and WSKT (-3.9%). PTPP posted comprehensive incomes attributable to the parent entity amounting to IDR544.47 billion or a 37.75% decline. Another to PTPP, WSKT also posted declines in 3Q19’s revenues and profits.
Daily Foreign & Domestic Sector Movement
JCI posted foreign outflows of IDR215 billion on Friday (11/01) and closed lower. Most of Asia markets closed higher after China Caixin Manufacturing PMI soared on data, higher than the estimate. In fact, the uncertainty about the US and China’s partial deals failed to drag Asia markets lower. A glance at commodities, CPO prices are still in the rally trend, backed by mandatory B30 in 2020. The rupiah exchange rate for USD nudged up 0.03 to 14,039.
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