Market Recap
JCI closed lower on Friday, 02/08/19 as the release of Indonesia’s trade balance and global investors’ jitters on the trade war put strains on JCI. Top Losers: Basic Industry (-1.73%), Mining (-1.46%), Misc. Industry (-0.44%)
Daily Foreign & Domestic Sector Movement
On Friday, 02/08/19, foreign investors posted net sell of IDR205 billion, thus, JCI was exposed to a slight correction of 0.23%. Foreign investors posted the net sell of IDR127 billion on UNTR’s stocks. It was attributable to the Association of Indonesia’s Heavy Machinery estimating the decline in production of heavy machinery from 8,000 units in 2018 to 7,000 units in 2019.
Domestic investors posted the net sell of IDR44 billion on the utility sector: PGAS’s stocks. It was underlined by the government regulation for supplying and distributing natural gas through transmission networks for households and retailers. Domestic investors are awaiting the proposal of network development from PGAS.
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