Market Recap
JCI was rebounding, backed by the consumer sector. JCI’s Top Gainers: Agriculture (+0.8%), Basic. Ind (+0.7%), Consumer (+0.6%).
INNI index was at tepid close as construction stocks —WIKA and WSKT—pared down.
Daily Foreign & Domestic Sector Movement
Foreign investor pulled IDR769 billion worth of capital from JCI, with the banking and property sectors respectively posting the largest outflows of IDR389 billion and IDR70 billion. Apart from JCI, Asia markets shrugged off after the impeachment inquiries into Trump proceeded. Adding to the Asia markets bearish mood is Chinese economic growth in 3Q19 plunging to the lowest level in 2019. Those two negative sentiments were a drag on Wednesday’s global trading. The rupiah exchange rate against USD was depreciated 0.24% to 14,134.
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