Market Recap
JCI continued to rally, backed by the banking and basic industry sectors. JCI’s Top Gainers: Finance (+2.0%), Basic. Ind. (+1.0%), Property (+0.4%).
INNI Index pointed higher, backed by property stocks, i.e., PWON and CTRA.
Daily Foreign & Domestic Sector Movement
JCI continued to win a 3-day rallying streak due to foreign inflows of IDR2.6 trillion. The banking sector and CITA contributed an equal proportion of IDR1.3 trillion, respectively to the foreign inflows. CITA’s contribution stemming from the stock divestment to its new investors, Glencore International Investment. The divestment will be announced on Dec. EGM. Meanwhile, BBCA and BBRI won as investors’ top-pick stocks as both stocks secured transactions of IDR628 billion and IDR464.9 billion, respectively. After a 6-day rally streak, BBRI’s market capitalization reached IDR542 trillion.
Additionally, the rupiah exchange rate for USD edged up 0.09% to 13,988.
Download full report HERE.
