Indonesia Market Recap
JCI snapped higher, upheld by the consumer and banking sector. Top Losers : Basic Industry (-1.4%), Misc. industry (-1.0%), Agriculture (-0.3%).
As JCI snapped higher, JCI also nudged up 0.24%. The impetus for the backdrop was the rally in infrastructure stocks, targeted by foreign investors and the optimism over a peaceful national election, a potent driver for the brighter infrastructure sector.
Daily Foreign & Domestic Sector Movement
JCI was rebound as March’s trade balance surpluses of USD540 million. March’s figure increased by 11.71% compared to February’s. In stark turn, foreign outflows of IDR345 persisted, with outflows of IDR459 billion from the banking sector.
Meanwhile, domestic outflows of IDR244 billion and IDR89 billion were out from the miscellaneous and infrastructure industries.
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