Market Recap
JCI closed lower on Friday (08/02) because of declines in the mining sector. JCI’s Top Gainers: Agriculture (+1.6%), Agriculture (+1.3%), Basic Industry (+0.6%).
INNI index gained 0.81%, in contrast to JCI’s performance. Jump in INCO (+4.4%) and ANTM (4.4%) backed by Jokowi urging the use of electric cars was the positive catalyst for the gain.
Daily Foreign & Domestic Sector Movement
Little foreign inflows of IDR63 billion run into JCI’s portfolios. From the global highlights, the US decided to hold off the approval for cooperation between the US companies and Huawei Technologies. The decision is underlined by the Chinese official ban on importing US agricultural products. The broader volatility urges the markets to accumulate defensive stocks.
Foreign inflows were followed by domestic inflows of IDR413 billion into the property sector.
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