Market Recap
JCI was rebound, backed by the banking and consumer sector. JCI’s Top Gainers: Consumer (+0.6%), Infrastructure (+0.6%), Agriculture (+0.3%).
INNI index closed flat. The infrastructure sector advanced, backed by TLKM and JSMR.
Daily Foreign & Domestic Sector Movement
JCI posted slight foreign inflows of IDR69 billion. Foreign investors’ appetite for banking stocks increased, and that suggested their confidence in Indonesia’s economy improved better. The Indonesian government is currently focusing on developing the downstream coal processing to add this commodity’s value by means of constructing smelters and the removal of royalty so that miners easily comply with mandatory DMO. The policy is a positive sentiment for PTBA to post foreign inflows of IDR10.8 billion.
Meanwhile, the rupiah exchange rate to USD nudged up 0.07% to 13,634.
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