Market Recap
JCI pared down as the banking and miscellaneous sectors lagged. JCI’s Top Losers: Misc. Industry (-2.0%), Mining (-0.7%), Finance (-0.6%).
INNI index, as did JCI, slipped 0.37% because headwinds of low coal prices left miners, UNTR and ADRO, loss.
Daily Foreign & Domestic Sector Movement
Foreign money of IDR287 billion had been pulled out from JCI, with the banking sector witnessing the largest outflows of IDR272 billion. Most of Asia markets were bearish as investors remained to pull out their money. A glance at the US market, the Dow Jones plunged on Wednesday’s trading session due to the worrying signal on the US recession. From global highlights, adding to the US gloomy outlook is the unrest in Hong Kong worsening the broader volatility.
Back in domestic highlights, the Indonesia rupiah’s exchange rate for USD bottomed, and domestic investors fled their money of IDR185 billion and IDR37 billion, respectively from the infrastructure and consumer sectors.
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