Market Recap
JCI pointed lower after a 3-day rally as the agriculture dipped. JCI’s Top Losers: Agriculture (-1.8%), Infrastructure (-1.4%), Finance (-0.7%).
INNI index closed higher backed by retail stocks, MAPI and LPPF. Investors were optimistic about Christmas and new year momentum to boost retailer performance.
Daily Foreign & Domestic Sector Movement
JCI posted foreign inflows of IDR2.62 trillion with the banking sector to post the largest inflows of IDR2.12 trillion among the rest. It reflects the escalating window dressing after investors bought large-cap stocks. Furthermore, ANTM slightly strengthened after the changes in directors through EGM. A glance at commodities, prices of global gold were sluggish amid the rally in USD and the US positive economic data.
The rupiah exchange rate for USD nudged up 0.02% to 13,985.
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