Market Recap
JCI dipped as the mining sector was underperformed. JCI’s Top Losers: Mining (-2.1%), Basic Ind. (-0.7%), Trade (-0.3%).

INNI index snapped lower as the mining sector slowed, e.g. ANTM, INCO, and ADRO. ANTM dimmed due to gold’s lackluster price, while ADRO dipped on grounds of assets divestment.

Daily Foreign & Domestic Sector Movement
JCI finished Friday’s session with IDR135 billion worth of foreign outflows whose the largest amount of IDR100 billion was pulled out from the mining sector. A glance at the commodities sector, easing retaliatory tensions have been a drag on prices of crude oil and gold but a boost for copper’s prices hitting the highest level of USD5,949 per ton since July 31st. Aside from the world’s commodities prices, should August’s trade balance is in surplus as it is estimated, the potential for BI 7-DRR rate cut is bigger.

The rupiah exchange rate against the US dollar, meanwhile, is appreciated 0.73% to 13,950.

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