JCI was at a tepid close, held back by the banking and consumer goods sectors. . JCI’s Top Losers: Basic Ind. (-1.0%), Finance (-0.9%), Property. (-0.9%).
INNI index dipped, as did JCI. On 26 August’s trading day, INCO plummeting at 5.2% after the ban of ore nickel exports was INNI’s top loser.
Daily Foreign & Domestic Sector Movement
JCI was at bearish close as the pace of foreign outflows was still at early week’s high of IDR900 billion. The foreign outflows were balanced with domestic inflows of IDR344 billion into the infrastructure sector and IDR151 billion into the banking sector.
Large-cap. stocks were subject to foreign net sell amid the Asia bearish markets. That reflected markets’ jitter of China’s protracted measures against the US. Decreasing prices of and demand for crude oil is another impact of China’s tit-for-tat against the US.
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