Market Recap
JCI ended higher, backed by the banking sector. JCI’s Top Gainers: Consumer(+0.8%), Agriculture (+0.7%), Misc. Ind.(+0.3%).
INNI index, unlike JCI, closed lower as such retailers as MIKA and LPPF gave up gains.
Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR58 billion, with the telecommunication sector posting the largest part of IDR34 billion. Markets are anticipating the ministers lineup of Jokowi’s second-term cabinet. Apart from the ministers-elect inauguration on Wednesday (10/23), most of Asia markets rallied as markets were optimistic about better trade relation between the US and China. Markets expect larger investments inflow into Hong Kong after Chinese stock market authorities revise the regulation of the purchase of dual-class stocks, listed on Hong Kong stock markets.
The rupiah exchange rate for USD nudged up 0.47% to 14,081.
Download full report HERE.
