Market Recap
JCI was less bearish yesterday. The massive foreign net sell in the banking sector and large cap. companies put a strain on JCI. Top Losers: Finance (-0.87%), Infrastructure (-0.74%), Consumer (-0.15%)
Daily Foreign & Domestic Sector Movement
Foreign investor surprisingly posted the net sell of IDR1.38 trillion yesterday. The banking sector left bruised by the foreign net sell of IDR527 billion as foreign investors’ fears of BI’s hawkish stance began to dominate. That is a possible set back, throttling domestic liquidities, declines in banking expected. Domestic investors posted the net sell of IDR26 billion on the cement sector after January’s cement sales dragged lower 1%, compared with the same period in 2018.
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