Market Recap
JCI closed higher yesterday as the miscellaneous industry posted the best performance, coupled with the rupiah appreciation. Chinese fiscal stimuli proved a positive sentiment for regional bourses. Top Gainers: Misc. Industry (+2.42%), Basic Industry (+0.66%), Consumer (+0.35%).

Daily Foreign & Domestic Sector Movement
Foreign investors posted the net buy of IDR159 billion, with ASII (the automotive stocks) winning the preference as top-pick stocks—securing the biggest net buy. BNLI’s divestment likely to spur ASII’s performance by focusing only on automotive and heavy machinery businesses underlined the biggest net buy on ASII’s stocks.

Meanwhile, domestic investors posted the net buy of IDR146 billion over banking stocks. The sliding banking stocks allured domestic investors to buy on weakness.

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