Market Recap
JCI closed lower, suppressed by the banking sector. Top Losers JCI: Misc. Industry (-1.6%), Mining (-1.3%), Finance (-0.5%).
Despite JCI’s bearish state, INNI Index closed higher at 0.16%, underpinned by properties stocks such as PWON (+1.5%) dan CTRA (+1.4%).
Daily Foreign & Domestic Sector Movement
Yesterday’s foreign outflows amounted to IDR354 billion as outflows of IDR534 billion hit hardest the banking sector. Foreign outflows from BUKU IV banking stocks, i.e., BBRI (-0.71%), BMRI (-1.63%) added to setbacks in JCI’s bearish favor. Cigarette makers also suffered from outflows of IDR73 billion. Foreign outflows were followed by domestic outflows of IDR289 billion from the mining sector as May’s world coal prices dropped to USD81.86 per tons.
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