JCI dipped, subdued by the banking sector. JCI’s Top Losers: Agriculture (-1.5%), Mining (-1.2%), Misc. Industry (-1.2%).
INNI index dropped as mining stocks underperformed. PTBA is INNI’s top loser after its 1H19 net profits dived to 24%.
Daily Foreign & Domestic Sector Movement
On Thursday’s trading, JCI still gave foreign funds of IDR596 billion up; that made its performance in stark contrast to most of its Asia peers performances of which were rebounding after the Fed relaxed its monetary stance, as widely expected. Bank Indonesia announced to relax its macroprudential policy by slashing loan to value (LTV) on property credits and down payments on vehicle units.
The rupiah, meanwhile, was slightly strengthened against the US dollar at 0.14% to 14,090.
Today’s Outlook: BI Cuts BI 7-DRRR
The Dow Jones slowed 0.19% to close at 27,094. Microsoft’s 1.8% gains on grounds of stocks re-purchase of USD40 billion offset a 0.8% loss in Apple inc. In the domestic backdrop, Bank Indonesia finally cut BI 7-DRRR by 25 bps to stand at 5.52%. Another to easing monetary stance, BI also loosened its macroprudential policy: a stimulus package for banking and property sectors.
BBCA : Collaborates with Digitaraya
BMRI : Its Subsidiary Injects Captial to Start-up
BBRI : Is Committed to Promoting Indonesia Tourism
TLKM : LinkAja Ties Cooperation with Himbara
Domestic & Global News
OECD Cuts Indonesia’s Economic Growth Projection
US Existing Home Sales Rise to 17-Month High in August
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