Market Recap
JCI closed lower, held back by the banking sector. JCI’s Top Losers: Misc. Ind (-2.0%), Infrastructure (-1.3%), Mining (-1.0%).

INNI index closed lower, likewise JCI. It was attributable to a 2.6% decline in PTBA after it decided not to perform any exploration within the next 6 months.

Daily Foreign & Domestic Sector Movement
Thursday’s pace of foreign outflows from JCI amounted to IDR494 billion after Wednesday’s slight inflows. The construction sector, followed by the banking sector respectively posted foreign outflows of IDR166 billion and IDR125 billion.

Apart from JCI’s sluggish performance, most Asia markets strengthened due to the easing tension between the US and China. Global markets cheered Trump’s decision on postponement of Chinese goods tariffs to 15 Oct. from 01 Oct. The rupiah’s exchange rate for the USD, meanwhile, is appreciated 0.07% to 14,052.

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