Market Recap
JCI closed higher, backed by the consumer and banking sectors. Top Gainers JCI: Consumer (+0.9%), Property (+0.8%), Finance (+0.5%).
INNI Index nudged up 0.44% yesterday as construction stocks such as WIKA, WSKT, and PTPP respectively were rebounding by 5.1%, 2.8%, and 2.5%.
Daily Foreign & Domestic Sector Movement
Yesterday’s foreign inflows amounted to IDR52 trillion, IDR51 trillion of which, derived from the merger transaction between PT Bank Danamon Indonesia (BDMN) and PT Bank Nusantara Parahayangan Tbk (BBNP). The merger was underlined by the stock ownership of those two banks owned by Mitsubishi UFJ Financial Group (MUFG).
Meanwhile, domestic outflows from WIKA, a construction sector, amounted to IDR28 billion. The increase of IDR341 billion in 1Q19 net profits allured domestic investors to post net buy over WIKA.
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