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.

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