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Indonesia Market Recap JCI closed higher on Tuesday, as the banking and consumer sectors rallied. Top Gainers: Property (+2.5%), Misc. industry (+1.6%), Basic Industry (+1.1%). Aligning with JCI, INNI Index nudged up 0.03% yesterday, backed by the rally in infrastructure, cement, and construction stocks, targeted by foreign investors, responding to Moodys’ projection of Jokowi’s II Presidential Administration. |
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Daily Foreign & Domestic Sector Movement Tuesday’s foreign outflows were worth IDR559 billion due to 2019 national election held on Wednesday, 04/17/2019. Foreign investors retained wait-andsee, while waiting the national election’s result. The banking sector posted the biggest outflows of IDR469 billion, triggered by net sell of large-cap stocks. Furthermore, domestic outflows from the property and basic industries were worth IDR132 billion and IDR37 billion, respectively. |
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