Market Recap
JCI closed lower yesterday, suppressed by the consumer and banking sectors, 3-consecutive foreign net sell as well. Top Losers JCI: Consumer (-2.1%), Property (-1.7%), Basic Industry (-1.7%).
In response to JCI, INNI Index moderated at 1.32%, held back by struggling property stocks as investors banked on BI’s immediate interest rate cut.
Daily Foreign & Domestic Sector Movement
Foreign net sell of IDR723 billion outflowed from JCI as foreign investors retained wait-and-see until the General Elections Commission (KPU) officially announced President and Vice President-elect for 5-year administration. Indeed, they also take a close watch on the Fed’s monetary normalization.
Domestic investors, as did foreign investors, also outflowed their funds of IDR280 billion and IDR60 billion from the retail and infrastructure sectors.
Download full report HERE.