Daily | Oct 30 2018
Top Losers: Mining (-1.80%), Property (-1.33%), Finance (-0.98%).
Top Losers: Mining (-1.80%), Property (-1.33%), Finance (-0.98%).
The rally was backed by the financial sector, BBCA’s stocks in particular.
Bottom Line: Higher than Consensus but Lower than Our Estimate
The amount absorbed was higher than the indicative target of IDR10 trillion.
Top Gainers: Basic Industry (+1.60%), Consumer (+1.21%), Finance (+0.96%).
KLBF is projected to post the growth of 3.4% in 2018’s sales.
The massive capital outflows by foreign investors dragged JCI to a sharp drop.
JCI moved at sluggish pace yesterday amid BI’s stance of maintaining its benchmark rate unchanged.
BI has increased BI 7-day reverse repo rate by 150 bps since May 2018.