On Friday, (15/11), JCI advanced, backed by the mining sector. JCI’s Top Gainers: Mining (+1.8%), Basic Ind. (+1.6%), Finance (+1.0%).
Like JCI, INNI picked up as property stocks rallied, i.e., CTRA and PWON. Fitch Ratings reported that Indonesian property developers succeeded in posting 3Q19’s higher presales than 2Q19’s sales, and that drove property stocks up.
Daily Foreign & Domestic Sector Movement
On Friday (15/11), JCI cheered foreign outflows of IDR64 billion after banking stocks, BBRI, a large-cap. stocks, secured IDR155 billion worth of transactions. A glance at commodities, global rubber prices rallied because the International Tripartite Rubber Council (ITRC) estimates rubber production by Thailand, Indonesia, and Malaysia to decrease 800,000 tons.
The rupiah exchange rate for USD strengthened 0.09% to 14,065.
Download full report HERE.