Indonesia Market Recap
JCI snapped lower on last Friday, held back by the profit taking on large cap. stocks in the banking sector. Top Losers : Basic Industry (-1.4%), Misc. industry (-1.0%), Agriculture (-0.3%).
Aligning with JCI, INNI Index was at a modest pace of 0.23%, held back by foreign investors’ outflows from banking stocks as BBRI, BBNI, BBCA, and BMRI. The total outflows from the big four banks were worth IDR450 billion.
Daily Foreign & Domestic Sector Movement
Investors panicked Chinese International trade data as Chinese hard lending economy is a major catalyst for the global economy. Chinese imports, on annual basis, of March edged down 7.6%. The jitters spawned Friday’s foreign outflows of IDR1 trillion, while the banking sector posted foreign inflows of IDR511 billion.
Furthermore, Friday’s domestic net sell were at IDR33.1 billion on the basic industry and IDR19.1 billion on the property sector.
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