JCI pointed lower on Friday (09/20), subdued by the banking sectors. JCI’s Top Losers: Basic Ind. (-0.8%), Trade (-0.7%), Consumer (-0.6%).
INNI index, unlike JCI, advanced as INCO’s 4.6% gain gave a boost for its moves. INCO’g gain, meanwhile, was attributable to a 3.1% increase in the nickel price to USD17.744/metric.
Daily Foreign & Domestic Sector Movement
Friday’s foreign outflows of IDR833 billion was the fifth capital losses in a week, with the largest capital of IDR128 pulled out from the cement subsector. In the commodities portfolio, ICE NewCastle Coal futures price dropped ahead of the 2019 Climate Action Summit on Monday (09/23) agenda of which is to reduce the use of fossil and coal-based fuels. Should the agenda take into practices, the chance is declining demand for coal. The rupiah Indonesia, in addition, was appreciated 0.3% to 14,050 per USD.
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