Daily | Jul 11 2019
JCI snapped yesterday’s trading session higher as the banking and construction sectors rallied.
JCI snapped yesterday’s trading session higher as the banking and construction sectors rallied.
JCI’s Top Gainers: Infrastructure (+1.3%), Basic Industry (+1.0%), Trade (+0.7%).
JCI bottomed as the banking and infrastructure sectors impeded its movements.
JCI’s Top Losers: Misc. Industry (-1.1%), Finance (-0.5%), Agriculture (-0.5%).
>Trump holding off on new tariff of USD300 billion on Chinese goods and his decision to revise the ban on selling products to Chinese tech giant Huawei after the highly anticipated talks between Trump and Xi in the G-20 was a positive sentiment for JCI. The domestic sentiment of June’s 0.55% m-m inflation lower from May’s 0.68% m-m proved a positive sentiment for JCI. June’s benign inflation was attributable to declining inflation of volatile food as Ramadan and Idulfitri season came to end.
JCI’s Top Gainers: Mining (+0.7%), Infrastructure (+0.8%), Consumer (+0.4%).
Miners are anxious about the uncertain regulation of coal and mineral mining sites.
JCI was at a slight close, backed by the basic industry and consumer goods. JCI’s Top Gainers: Basic Industry (+1.7%), Consumer (+0.2%), Infrastructure (+0.1%).
JCI closed higher as the banking sector was rally. JCI’s Top Gainers: Agriculture (+1.7%), Basic Industry (+1.5%), Mining (+1.1%).