JCI was rebounding, backed by the banking sector. JCI’s Top Gainers: Property (+2.0%), Basic Ind. (+1.8%), Finance (+0.9%).
INNI index gained 1.08% thanks to gains in construction stocks, i.e. WSKT (+3.1%) and PTPP (+3.0%).
Daily Foreign & Domestic Sector Movement
JCI still bottomed as the pace of foreign outflows from its portfolios remained to rocket at IDR573 billion. The banking sector left sluggish with outflows of IDR172 billion. Markets re-grow optimism on the US-China mutual trade after Uncle Sam delayed tariffs on Chinese goods; US’ decision leveled up the Indonesian rupiah’s exchange rate for USD. Apart from broader negative sentiments, BBRI cheered foreign funds of IDR62.1 billion flowing into its portfolio after it disclosed a 8.20% y-y gain in IH19 consolidated earnings.
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