JCI was rebounding, spurred by the banking sector. JCI’s Top Gainers: Infrastructure (+1.6%), Basic Ind (+1.2%), Finance (+0.8%).
INNI index posted a 0.91% gain as construction stocks surged on their level, e.g. WIKA (+6.1%), WSKT (+5.4%), and PTPP (+4.4%). Jokowi’s administration endorsing infrastructure development within 5 next years is a potent drivers for construction stocks’ solid level.
Daily Foreign & Domestic Sector Movement
JCI saw Monday’s foreign inflows of IDR583 billion. From the global highlights, trade tensions left Chinese 2Q19 economic growth slowed at ~6.2%, rattled Asia markets, reluctant to buy. But, a little hope on progress mutual trade deal accelerated Chinese manufacture production at 6.3% in June, beating the street.
From the domestic highlights, the mining and agricultural sectors secured respective domestic capital of IDR32 billion and IDR4 billion.
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