Market Recap
JCI closed slightly lower after the modest pace. The lackluster mining sector due to the world’s upbeat coal price hampered JCI’s movement. Top Gainers: Basic Industry (+1.42%), Consumer (+0.74%), Property (+0.69%).

Daily Foreign & Domestic Sector Movement
Foreign investor posted the net buy of IDR89 billion, getting lower as what we estimated. The banking sector was the most favorable sector and secured the net foreign buy of IDR79 billion. BBCA stocks were foreign investors’ most favorable stocks as they lowered the accumulation of BMRI and BBRI’s stocks.

Meanwhile, domestic investors spent the net buy of IDR68 billion on ASII, the automotive sector, and IDR63 billion on ASII’s subsidiary: UNTR. Investor domestics digested that the possible divestment of PT Bank Permata Tbk (BNLI) by ASII will be a positive sentiment for ASII.

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