Market Recap
On Friday (02/07), JCI continued to rally for 4 consecutive days, backed by the banking sector. JCI’s Top Gainers: Infrastructure (+1.2%), Trade (+0.6%), Property (+0.3%).
INNI index, unlike JCI, dipped as WIKA and WSKT, construction stocks, slumped.
Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR40 billion on Friday of Feb. 07, with the construction sector to suffer from the largest outflows of IDR43 billion. Construction stocks (i.e. WSKT (-2.8%), WIKA (-2.2%), ADHI (-1.4%)) dropped as during 2019 the construction industry was underperformed and failed to hit the target of new contracts (NKB). Conversely, investors had an appetite for EXCL as they spent IDR37 billion on the stock; that was fueled the sales of EXCL’s towers positively responded by a number of buyers candidates.
The rupiah exchange rate for USD, meanwhile, dropped 0.29% to 13,675.
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