JCI closed higher on Friday (08/30), underpinned by the miscellaneous sector. JCI’s Top Gainers: Misc. Ind (+3.4%), Property (+1.5%), Trade (+0.9%).
INNI index, as did JCI, advanced as it top gainer, ASII, posted a 3.9% gain. ASII’s automotive sales picked up 67.2% m-m to 44,357 unit in July: a positive catalyst amid the sluggish automotive sales.
Daily Foreign & Domestic Sector Movement
JCI on Friday (08/3) finally posted foreign inflows of IDR68 billion after the US and China scheduled to get back to the negotiation table in September. The agriculture sector and trade sector also booked domestic inflows of IDR405 billion and IDR135 billion.
The negotiation eased markets fears as most of Asia markets closed higher. Apart from its positive impacts on markets, it also strengthened the rupiah Indonesia’s exchange rate at 0.39%. A number of Asia’s official economic data outperformed; Japan unemployment rate was at 2.2%, below the consensus.
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