Market Recap
JCI snapped higher, underpinned by the banking sector and net buy. JCI’s Top Gainers: Misc. Ind (+3.0%), Property (+1.6%), Mining (+1.2%).

INNI index closed higher, backed by the property stock, PWON, and construction stock, WIKA.

Daily Foreign & Domestic Sector Movement
Wednesday’s foreign inflows of IDR238 billion, with the banking sector posting inflows of IDR116 billion, ended the two-day straight foreign outflows. Most of Asia markets were bullish as was JCI ahead of ECB meeting on Thursday, 09/13. Markets are optimistic about ECB’s new wave of monetary stimulus to counter the slowdown in the euro zone economy. A glance at commodities, the global crude oil price picked up after the American Petroleum Institute (API) disclosed crude oil stockpiles dropped 7.2 million barrel. The rupiah Indonesia exchange rate against the US dollar was appreciated 0.22% to 14,063.

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