Market Recap
JCI weakened, suppressed by the banking and consumer sectors. Top Losers JCI: Misc. Industry (-3.5%), Consumer (-2.7%), Basic Industry (-1.9%).
Like JCI, INNI Index slump at 1.5% due to pervasive profit-taking after Thursday’s Jokowi effects driving markets to rally. Foreign investors sold consumer and banking stocks.
Daily Foreign & Domestic Sector Movement
Yesterday’s net sell was in the amount of IDR2 billion, with cigarette posted the biggest net sell of IDR133 billion. Foreign investors outflowed their funds from HMSP and GGRM due to a sluggish outlook of tobacco sales volume and profit taking. In addition, the retail sector also posted the net sell of IDR23 billion.
Domestic net sell of IDR235 billion and IDR156 outflowed from the property and banking sectors, respectively.
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