JCI snapped higher, backed by the consumer and miscellaneous sectors. JCI’s Top Gainers: Misc. Ind. (+1.0%), Consumer (+0.8%), Infrastructure (+0.7%).
INNI index snapped higher, backed by its banking stock, BBRI to post a 2.3% gain and secure the largest foreign inflows of IDR336 billion.
Daily Foreign & Domestic Sector Movement
JCI posted IDR251 worth of foreign inflows as the banking sector won the largest inflows of IDR486 billion. Investors’ insatiable appetite for large-cap banking stocks depicted their confidence in Indonesia’s economic outlook as some of Indonesia’s macroeconomic data revealed improvement. A glance at commodities, prices of crude oil and Comex gold futures lost its momentum as geopolitical turmoil in the Middle East eased.
In addition, the rupiah exchange rate for USD advanced at 0.72% to 13,673 per US dollar.
Download full report HERE.