Market Recap
JCI was still in the red, subdued by stocks of the basic industry. JCI’s Top Losers: Basic Ind. (-2.8%), Consumer (-0.5%), Mining (-0.4%).
INNI index, as opposed to JCI, ended its bearish state, supported by MAPI (+3.7%).
Daily Foreign & Domestic Sector Movement
The banking stocks led the losses of IDR846 billion worth of foreign outflows on Tuesday’s trading session of Feb. 24. Investors worried that flood to sweep Jakarta spiked NPL and LDR. In contrast to the banking stocks, ITMG posted foreign inflows of IDR17 billion. However, ITMG during 2019 posted losses of 14.4% y-y from USD2.01 billion in 2018 to USD1.72 billion in 2019 because declining average prices of 20.2% Y-Y left profitability low.
Meanwhile, the rupiah exchange rate for USD dipped 0.11% to 13,887.
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