Market Recap
JCI closed at a flat state, hampered by USDIDR at 14,200 and the lower net foreign buy. Top Gainers: Agriculture (+3.72%), Mining (+0.81%), Infrastructure (+0.48%).
Daily Foreign & Domestic Sector Movement
Foreign investors posted the lower net buy of IDR443 billion, pursuant to our estimate. The telecommunication sector–foreign investors’ main target—secured the net buy of IDR221 billion as the growth of internet data in Indonesia is on the rise.
Meanwhile, domestic investors posted the net buy of IDR40 billion on poultry stocks because CPIN’s stocks are planned to be listed on LQ45 index in next February, yet they anticipated the surging demand for poultry stocks after being listed on LQ45 index.
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