Market Recap
JCI turned to bearish state on Friday. It left bruised as January’s trade deficits were bigger than the consensus, coupled with the rupiah depreciation. Top Losers: Mining (-1.38%), Property (-1.35%), Basic Industry (-1.13%).

Daily Foreign & Domestic Sector Movement
Foreign net sell of IDR287 billion still outflowed from Indonesia’s equity markets on Friday. The telecommunication sector hit hardest by the net sell of virtually IDR158 billion. XL Axiata Tbk (EXCL), a telecommunication provider, suffered from the foreign net sell of IDR115 billion due to the FY2018 financial statements posting the loss of IDR3.2 trillion, a turn to the FY2017 profits of IDR58 billion.

Meanwhile, the retail sector posted the domestic net sell of IDR43 billion, e.g., LPPF exposing the biggest net sell of IDR28 billion. The retail sector slowed and sent worrying signals about its future performance to domestic investors.

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