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Market Recap 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. |
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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 |
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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. |
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Company News 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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