Market Recap
JCI closed flat yesterday amid the massive profit-taking by foreign investors and the rally in the price of global crude. Top Gainers: Infrastructure (+1.82%), Agriculture (+0.62%), Consumer (+0.29%).
Daily Foreign & Domestic Sector Movement
Foreign investors posted the net sell of IDR964 billion in Indonesia’s equity market, with the banking sector as the main target of net sell worth IDR586 billion. Despite the continued net sell, JCI nudged up 0.01% thanks to the foreign net sell of IDR28 billion for the cigarette sector: the second’s biggest contributor of 8.4% to JCI.
Domestic investors continued to book the net sell of IDR10 billion for the cement sector as they feared about January’s cement sales sliding by 1% y-y.
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