JCI closed lower as the consumer goods weakened. JCI’s Top Losers: Basic Ind. (-1.7%), Property (-1.7%), Manufacture (-0.6%).
Like JCI, INNI index dropped, subdued by constructions stocks, i.e. WIKA, WSKT, and PTPP.
Daily Foreign & Domestic Sector Movement
JCI still saw foreign outflows of IDR269 billion, with the largest amount of IDR126 pulled out from the banking sector. Most of Asia markets were sluggish as markets retained wait-and-see stance, anticipating the US-China trade relation after Chinese officials delayed a visit to farms in Montana. On Monday’s trading sessions, GGRM still posted foreign outflows of IDR44 billion, underlined by the hike of 23% in cigarette excise tax.
Additionally, the rupiah exchange rate against the US dollar was depreciated by 0.21% to 14,085
Today’s Outlook: Eurozone Manufacturing PMI Weakens
The Dow Jones nudged up 0.06% to 26,949 as Netflix posted a 1.78% decline, subdued by intense competition and rising content expenses. In addition, Eurozone Manufacturing PMI dropped 1.5 points to 50.4 in September, reflecting the slowdown in Eurozone economies. The global crude oil dipped as markets retained wait-and-see amid the restoration of crude production by Saudi Arabia after the attacks.
JPFA : Is Endorsed by the Ministry of Agriculture
ASII : Its Subsidiary Expands Toll Ownership
TLKM : Telkomsel Completes 85% of BTS Target
INCO : Obtains Approval for Divestment
Domestic & Global News
Infrastructure Development Is A booster for Economic Growth
US Manufacturing Sector Activity Hits 5-Month High in September
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