Market Recap
JCI slipped as the basic industry and consumers goods sectors were weak. JCI’s Top Losers: Basic Ind. (-2.1%), Consumer (-1.0%), Trade (-0.6%).
INNI, as did JCI, dipped as KAEF giving up a 3.8% gain was INNI’s top loser on Thursday’s trading session. Besides, it posted 3Q19’s disappointing performance.
Daily Foreign & Domestic Sector Movement
JCI lost IDR404 billion worth of foreign outflows the largest portion of which was IDR105 billion pulled out from the telecommunication sector. Like JCI, most Asia stocks ebbed on Thursday after the Fed’s signals of no more FFR cut, appropriate for the remaining 2019 and a report citing that the I phase of the US-China partial trade deals will be signed in 2020. The underlining reason for the delay was greater tariff cuts anticipated by China.
The rupiah exchange rate for USD edged up 0.02% to 14,092.
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