Market Recap
JCI was flat as eight of its portfolios slumped with the banking sector recording the worst slump among its peers. JCI’s Top Losers: Agriculture (-1.3%), Finance (-0.7%), Trade (-0.2%).
INNI index dipped 0.25% as miners underperformed, i.e. ANTM (-3.2%) and INCO (-2.0%).
Daily Foreign & Domestic Sector Movement
JCI was struck by foreign outflows for a two straight day as it closed Tuesday’s trading with recording outflows of IDR286 billion. The banking sector got the biggest knock of IDR331 billion among its peers. The rupiah slumped against the US dollar for the first time during this week. Apart from JCI, the US granted Huawei another 90 days of general license extension to buy from the US suppliers and to give service to its US customers before the full blacklist is activated. Asia markets positively responded to the extension as Asia markets closed at bullish state.
Back to JCI, the infrastructure and consumer sectors still posted domestic outflows of IDR276 billion and IDR97 billion for a 2-consecutive day.
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