JCI closed lower as the banking and miscellaneous sectors dipped. JCI’s Top Losers: Consumer (-1.7%), Misc. (-1.5%), Property (-1.1%).
INNI index dropped 0.24% because the construction sector tumbled, i.e. WIKA (-8.7%) and PTPP (-4.9%). In contrast to the construction stocks, mining stocks, i.e. INCO and ANTM advanced after the ahead of time ban on nickel exports.
Daily Foreign & Domestic Sector Movement
JCI re-posted foreign outflows of IDR98 billion with IDR124 billion pulled out from the banking portfolio. BBRI dipped by 1.17% because of capital outflows worth of IDR31.2 trillion ahead of the appointment of President Director. The rupiah exchange rate against the US dollar strengthened slightly at 0.02% to 14,194.
From global highlights, most of Asia markets moved mixed after the US retaliatory tariff of 15% on Chinese goods took into effects on Sep. 1, 2019. Markets are anxious that the US countermeasure will withdraw China from the negotiation table scheduled in September; thus, they retain wait-and-see stance.
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