Market Recap
JCI closed lower, hampered by the banking and infrastructure sectors. JCI’s Top Losers: Infrastructure (-2.3%), Mining (-2.1%), Trade (-1.6%).
Likewise JCI, INNI closed lower as KAEF, a pharmaceutical stock, dipped 11.3%. KAEF’s 3Q19 earnings to disclose a sharp plunge of 81% in net profits was the main culprit in declines.
Daily Foreign & Domestic Sector Movement
On Thursday’s trading session of Nov. 28, JCI recorded foreign outflows of IDR155 billion; it was a fourth-day outflows in a row as metal-and-mineral and coal stocks posted foreign outflows of IDR23 billion and IDR14 million, respectively. Asia stocks dipped after Trump signed bills supporting Hong Kong protestors. Trump’s support hinders the smooth progress of partial deals between the US and China. Meanwhile, the rupiah exchange rate for USD dipped slightly 0.05% to 14,095.
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