Market Recap
JCI closed lower, subdued by consumer goods and infrastructure stocks. JCI’s Top Losers: Property (-1.5%), Infrastructure (-1.3%), Consumer (-1.2%).
Like JCI, INNI index pointed lower because consumer goods stocks edged down, INDF and UNVR.
Daily Foreign & Domestic Sector Movement
Despite foreign inflows of IDR166 billion, JCI still closed lower. Large-cap. banking stocks outperformed the rest, for it received foreign inflows of IDR275 billion and won Thursday’s top buy. Their top performance signaled foreign investors’ optimism on Indonesia’s economic outlook. Another to the banking sector, ULTJ recorded IDR742 billion worth of crossing shares transaction. Asia stocks, unlike JCI, rallied after the Fed signaled to hold interest rates at 1.5%-1.7%.
The rupiah exchange rate for USD was appreciated by 0.04% to 14.033.
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