JCI Picked Up
A number of Indonesia’s strong macroeconomic reading improving better investors’ investing confidence in Indonesia and the bilateral economic ties between Indonesia-the UAE were boosts for JCI’s big moves on Jan. 13 and Jan. 14, 2019 when JCI won foreign inflows for a two-day in a row and reigned in the green zone. An external potent driver (i.e. easing jitters of Middle East’s geopolitical tensions) was also a boost for JCI’s rally. JCI still continued to rally on Jan. 16, backed by Dec’s narrower trade deficit to USD0.03 billion: a sharp decline from USD1.39 billion in November. The narrower deficit was attributable to the surplus in the non oil & gas trade balance. Apart from Indonesia’s strong macroeconomic data, the US and China to ink “phase one” trade deal as what investors have expected brought positive mood for Indonesia’s market. On Friday of Jan. 17, JCI picked up.
Download full report HERE.