Indonesia Market Recap
JCI slipped slightly, suppressed by the infrastructure and consumer sectors. Top Losers : Agriculture (-0.7%), Property (-0.5%), Infrastructure (-0.4%).
Like JCI, INNI Index nudged down 0.93%, suppressed by the domestic profit taking ahead of the presidential election as investors retain wait-and-see act. On the other hand, foreign investors keep buying on stocks, reaping benefits of programs set by each of the president candidates.
Daily Foreign & Domestic Sector Movement
Foreign inflows were worth IDR342 billion, IDR 143 billion of which run into the banking sector. Foreign investors targeted BBRI, posting the net buy of IDR176 billion and nudging up 0.23%. BBRI outperformance sent its prices higher for 9-consecutive days.
Besides, domestic investors posted the net buy of IDR15.9 billion in the consumer sector. The consumer sector rallied along with the buoyant retail sales data, released by Bank Indonesia.
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