Market Recap
JCI closed lower, ending its 10-day winning streak as the basic industry sector dropped. JCI’s Top Gainers: Basic Ind. (-2.8%), Misc. Ind. (-1.9%), Finance (-1.3%).
INNI index, as did JCI, closed lower due to bearish retail stocks such as MAPI and LPPF.
Daily Foreign & Domestic Sector Movement
On Friday (10/25), JCI received foreign inflows of IDR5 billion. In the domestic backdrop, President Joko Widodo and Vice President Ma’aruf Amin officially inaugurated 12 vice-ministers of 2019-2024 Indonesia Maju Cabinet. Besides, most Asia markets were in bullish mode, excluding JCI, as China agreed to buy the US agricultural products of USD20 billion if I phase of the US-China partial deals take effects. China even promises to spend USD40 billion worth of US agriculture products, if US terminates tariffs on Chinese products.
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