Indonesia Market Recap JCI rallied, backed by stable rupiah and one-week foreign inflows of IDR2.27 trillion in the regular market. Top Gainers : Misc. Industry (+1.7%), Property (+1.5%), Trade (+1.3%). Like JCI, INNI Index rallied yesterday, backed by property and construction stocks due to a flood of inflows into such stocks. The inflows were boosted by the optimism on the Fed’s stance of leaving its benchmark rate unchanged in the middle term so that it will benefit property and construction stocks. |
Daily Foreign & Domestic Sector Movement Yesterday’s foreign inflows were at IDR597 billion, IDR167 billion of which was invested in the banking sector. As investors are aware of BMRI’s plan to take over BNLI, they spent IDR41 billion on BNLI’s stocks. Besides, foreign investors spent IDR99 billion on the retail sector. The allure of mining stocks such as ADRO and ITMG had domestic investors invest IDR1.35 billion in the mining sector. |
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