Indonesia Market Recap

JCI was at lower close as the consumer and infrastructure sector held it back. Top Losers : Infrastructure (-2.1%), Agriculture (-1.3%), Consumer (-1.2%).

Aligning with JCI, INNI Index was modest on Sunday. Investors’ profit taking, i.e. rebalancing stocks to such lower-risk assets as bonds and corporate bonds suppressed INNI Index. Furthermore, the construction stocks such as PTPP, WIKA, and WSKT were sluggish at 3.2%, 3.2%, and 3.0%, respectively.

Daily Foreign & Domestic Sector Movement

Yesterday’s foreign net buy totaled IDR842 billion as foreign investors ploughed IDR281 billion into the banking sector. March’s forex reserves of USD124.5 billion raise global investors’ confidence in Indonesia’s solid fundamental.

Domestic investors’ spent IDR4 billion on the mining sector as the expectancy of peace trade raised coal prices.

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