Market Recap
JCI closed lower, subdued by the agricultural sector. JCI’s Top Losers: Agriculture (-1.9%), Basic Ind. (-1.8%), Misc. Ind(-1.8%).
INNI index fell as GGRM, a cigarette maker, declined 5.7%.
Daily Foreign & Domestic Sector Movement
JCI, on Tuesday’s trading session of Nov. 26, outperformed following foreign outflows of IDR1.5 trillion with the respective outflows proportions of IDR471 billion and IDR324 billion, posted by the banking and media sectors. Albeit the disclose of estimated net profits growth of 6%-7% in 2020, BMRI, one of the large-cap. banks, still accounted for IDR153 billion worth of foreign outflows. The estimate is higher than Sept. net profits growing by 5%-6%. Besides, the 2020 credits are likely to pick up 10%-11%.
The rupiah exchange rate for USD was slightly depreciated 0.01% to 14,080.
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