Daily | Nov 15 2018
Top Gainers: Basic Industry (+3.64%), Misc. Industry (+1.74%), Consumer (+0.91%).
Top Gainers: Basic Industry (+3.64%), Misc. Industry (+1.74%), Consumer (+0.91%).
Slowdown Margin in 3Q18
JCI closed at a rebound session, backed by the financial sector, particularly BBCA’s stocks, and the rupiah appreciation.
The steep tumble was caused by the financial sector, weighing regulation by the bourse, and the rupiah depreciation.
Top Losers: Consumer (-5.08%), Property (-1.51%), Finance (-1.31%).
The 3Q18 current account deficit was at USD8.8 billion or equal to 3.37% of GDP.
The government absorbed the fund of IDR20 trillion from the total incoming bid of IDR59.5 trillion
Top Gainers: Trade (+1.64%), Finance (+0.94%), Infrastructure (+0.64%).
TLKM’s performance comes about our estimate of 3Q18 rosier performance.