JCI rallied, backed by the banking sector. JCI’s Top Gainers: Misc. Ind (+2.6%), Property (+2.0%), Finance (+1.8%).
INNI index was rebounding as the consumer sector advanced. GGRM made a 3.8% gain after posting foreign inflows of IDR32 billion.
Daily Foreign & Domestic Sector Movement
JCI securing foreign inflows of IDR175 billion after 3 consecutive days of foreign outflows. Foreign investors were certain of investing in Indonesia on grounds of diminishing political unrest. The banking sector rallied as BBRI posted a 3.19% gain after the acquisition of PT Asuransi Bringin Sejahtera Artamakmur (BRINS), while BBCA picked up 2.11% after booking foreign inflows of IDR390 billion. Most of Asia markets, likewise JCI, snapped higher on Sept. 25, 2019. The rupiah exchange rate against USD was depreciated 0.19% to 14,162.
Today’s Outlook: Indonesia Is Released from Unrest Grips
The Dow Jones dipped 0.30% to 26,819 as Trump’s impeachment inquiry was a drag on the Dow Jones. Markets eyed on a whistleblower disclosing Trump asking for a foreign country involvement to win him in 2020 election. Adding to mounting pressures for Trump’s impeachment was a 1.5% decline in Facebook Inc.’s stocks: a hiccup in the Dow’s big moves. Apart from the US, Indonesia is released from political unrest after President Jokowi is willing to enact Government Regulation in Lieu of Law (Perppu) as a revision of Laws issued by the Corruption Eradication Commission (KPK). Jokowi’s decision will ease markets’ fears and be a positive catalyst for JCI.
BBRI : Ties Collaboration with Traveloka
PTPP : Subsidiary Posts Modest Marketing Sales
TLKM : Telkomsel Injects Funds to PrivyID
WSKT : Subsidiary Will Issue MTN-II
Domestic & Global News
Foreign Inflows Supports Forex Reserves Growth
US and Japan Agree Initial Trade Deal Focusing on Agriculture
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