Market Recap
On Friday (11/08), JCI closed higher, backed by the consumer goods sector. JCI’s Top Gainers: Property (+1.2%), Consumer (+0.8%), Mining (+0.4%).
INNI index closed higher, backed by coal stocks, e.g., PTBA and ADRO as Nov. benchmark for coal price hiked.
Daily Foreign & Domestic Sector Movement
On Friday (11/08), foreign investors pulled out IDR998 billion from JCI as the pulled the largest amount of IDR697 billion from the banking sector. In contrast to JCI, Asia markets tanked after China unilaterally claimed the termination of tit-for-tat tariffs. A glance at commodities, prices of CPO were contracted after a month rally, triggered profit taking.
The rupiah exchange rate for USD was depreciated at 0.11% to 14,014.
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