Market Recap
JCI was rebound, backed by large-cap. stocks net buy. JCI’s Top Gainers: Misc. Ind. (+1.7%), Finance (+1.3%), Mining (+0.7%). INNI index was rebound, backed by WIKA, the construction stock. Minister of Industry states the construction industry to have promising business prospects aligning well with Indonesia’s infrastructure boom.
Daily Foreign & Domestic Sector Movement
JCI secured foreign funds of IDR143 billion; its banking sector allure attracted foreign investors to spend IDR180 billion on it. PGAS conversely dropped 10.59% due to foreign outflows of IDR55 billion as President Joko Widodo urged lower prices of industrial gas to USD6 per mmbtu within the next 6 months. Besides, lenders retain wait-and-see stance in drafting looser interest rate policies on the basis of current liquidity performance and market competitiveness. Meanwhile, the rupiah exchange rate for USD dipped 0.02% to 13,715.
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