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Indonesia Market Recap JCI closed lower on Friday as the basic industry muted its movement. Top Losers : Basic Industry (-3.1%), Consumer (-0.7%), Agriculture (-0.6%). Unlike JCI, INNI Index rallied by 1.06% on last Friday as the miscellaneous industry, i.e, ASII and the pharmaceutical sector, i.e, KAEF grew by 2.8% and 9.2%, respectively. |
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Daily Foreign & Domestic Sector Movement Foreign inflows were at IDR835 billion on Friday with the banking sector becoming the main foreign target of net buy worth IDR305 billion in BBRI and net buy of IDR119 on BBCA. Besides, the infrastructure sector posted the foreign inflows of IDR294 billion for TLKM and the net buy of IDR54 billion on JSMR. Both sectors were targeted by foreign investors after BI’s governor’s statements of Indonesia’s fundamental likely to grow by 6.1% in 2024, backed by the infrastructure sector. Meanwhile, domestic inflows were at IDR553 billion. |
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