Market Recap
JCI closed lower, held back by the banking and mining sectors. JCI’s Top Losers: Mining (-2.8%), Infrastructure (-0.8%), Basic. Industry (-0.8%).
INNI index weakened, pressured by INCO (-3.4%) after the government calls the nickel ore exports pursuant to the issuance of the Directorate General of Customs and Excise official memorandum.
Daily Foreign & Domestic Sector Movement
Foreign money of IDR524 billion was withdrawn from JCI on Monday’s trading session. Jokowi’s call for declines in loans’ rate is estimated to suppress more state-owned banks than commercial banks. A glance at commodities, crude oil WTI Dec’19 futures price dropped due to fears of no partial deals between the US and China. The rupiah exchange rate for USD was depreciated by 0.38% to 14,067.
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