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Market Recap 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. |
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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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Today’s Outlook: Most of Central Banks Cut Rates The Dow Jones dipped 0.6% to close at 26,935 after Chinese officials delayed a visit to farms in Montana, a western state in the USA. The delay was a hiccup in the trade negotiation and dampened hope for the mutual trade between the two economies. Bank of Japan decided to hold its benchmark rate unchanged while the Fed, ECB, PBoC, and BI cut their benchmark rates. The monetary easing was rolled out for stimulating the economic growth, stunted by the world’s volatility. |
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Company News BMRI : Ties Cooperation with POLRI WSKT : Will Post IDR21.5 Trillion ASII : Cheers Its Subsidiary’s Solid Growth CTRA : Secures IDR3.8 Trillion Domestic & Global News BI Loosens LTV to Boost KPR Demand No-Deal Brexit Will Cut 3% Off UK Economic Growth |
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