Market Recap
After an intraday lagging, JCI nudged up, backed by the net foreign buy on large cap. stocks. Top Gainers: Consumer (+1.39%), Finance (+0.44%), Misc. Industry (-0.07%).
Daily Foreign & Domestic Sector Movement
Foreign investors posted the net buy of IDR353 billion on JCI and targeted the banking sector, securing the net foreign buy of IDR439 billion. BI’s pre-emptive stance of stabilizing rupiah built foreign investors’ confidence of investing in the banking sector.
Meanwhile, the poultry sector secured the biggest domestic net buy. Domestic investors bought on weakness as JPFA nudged down at 5.6%, while its peer: CPIN nudging up 0.7%.
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