Market Recap
JCI dipped as the consumer goods declined. JCI’s Top Losers: Property (-1.8%), Consumer (-1.5%), Misc. Ind. (-1.2%).
INNI index dropped, held back by CTRA’s decline of 3.7%. CTRA gave up gains after its 3Q19 earnings, posting declining profits.
Daily Foreign & Domestic Sector Movement
Although JCI dipped, it received foreign inflows of IDR240 billion on Monday (11/04), foreign investors spent their money of IDR200 billion on PGAS; that was triggered by President Jokowi’s statement of leaving gas prices unchanged for the household consumption. Unlike JCI, Asia markets mostly rallied as markets and the US Trade Minister Wilbur Ross are optimistic that the first phase of the US-China partial trade will be settled in November. The rupiah exchange rate for USD nudged up 0.18% to 14,014.
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