Market Recap
JCI dipped, subdued by the banking and infrastructure sectors. JCI’s Top Losers: Finance (-1.6%), Infrastructure (-1.2%), Agriculture (-0.8%).

INNI closed lower, held back by banking stocks, i.e. BBRI (-3.3%) and BMRI (-3.1%).

Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR401 billion, with the banking and telecommunication sectors respectively posting outflows of IDR313 billion and IDR126 billion. A glance at commodities, the government decided to hike Nov. coal benchmark prices to USD66.27 per ton or a 2.27% gain from Oct. benchmark prices of USD64.8 per ton. Nov. hike strengthened PTBA and ADRO by 1.23% and 1.46% on Wednesday (11/07). Asia markets were at rally mode as the US economic data was solid—driving capital inflows into Asia markets. The rupiah exchange rate for USD dipped 0.39% to 14,023.

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