Market Recap
JCI continued to rally, backed by the banking and basic industry sector. JCI’s Top Gainers: Basic Ind. (+1.8%), Consumer (+0.6%), Finance (+0.6%).
INNI index, likewise JCI, advanced on the back of solid basic industry stocks.
Daily Foreign & Domestic Sector Movement
Foreign investors pulled their money of IDR383 billion from JCI, with the largest amount of IDR128 billion withdrawn from the banking sector. Based on Chinese Custom and Excise data, Sept. exports and imports respectively declined by 3.2% and 8.5%, but Chinese trade balance still posted surplus of USD39.65 billion. On the commodities side, Russia and Saudi Arabia agreed to curb oil production due to downbeat global oil prices. The rupiah’s exchange rate for USD nudged down 0.01% to 14,140.
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