Weekly Report | 24 – 28 Jun 2019
Global and domestic sentiments affected JCI’s last-week movements
Global and domestic sentiments affected JCI’s last-week movements
JCI’s Top Losers: Consumer (-0.8%), Misc. Industry (-0.8%), Finance (+0.2%).
JCI’s Top Gainers: Basic Industry (+2.6%), Infrastructure (+2.1%), Misc. Industry (+1.8%).
JCI cheered foreign inflow of IDR383 billion with the biggest inflow of IDR342 billion run to the banking stocks.
The tit-for-tat tariffs war exaggerated global trade gloom and heightened investors’ fears.
INNI Index nudged down by 0.34%, held back by retail stocks, such as RALS (-5.2%) and LPPF (-2.7%).
Trump’s stance of suspending the 5% tariff against Mexican goods as Mexico enacting laws against illegal migration to the US was one of the global sentiments for JCI
INNI Index muted at 0.74% as retail stocks such as RALS and LPFF declined by 6.0% and 3.8%
Chinese 4W sales in May slumped to 16.14% y-y, a steep decline compared with April’s 14.15% as the bruising trade war hurts Beijing economy.