|
JCI Rose JCI pointed higher as the US-China to reach I phase of trade deals shootened global state soothed the global tensions. Three-day foreign inflows helped JCI to cope with the trade balance deficit of USD1.33 billion as it kept staying at the green zone until Wednesday’s trading session of Dec. 18, 2019. Wednesday’s rally was also backed by BI’s easing monetary following the two-day BI’s Board of Governors Meeting to hold BI 7-DRRR at 5% as what economist estimated. The settled I phase trade deal was one of the underlying reasons for unchanged BI 7-DRRR. Three-day foreign inflows into JCI’s large-cap stocks, banking stocks in particular evidenced foreign investors’ optimism about Indonesia’s economic stability. Meanwhile, the negative global sentiment of Trump’s impeachment by the House impacted little on JCI. On Friday, Dec. 12, JCI rose, underpinned by the infrastructure sector. |
Download full report HERE.
