Market Recap
JCI closed higher on Friday (07/19), backed by the consumer sector. JCI’s Top Gainers: Basic. Ind (+2.4%), Consumer (+1.4%), Infrastructure (+0.6%).

INNI index was rebound, underpinned by the property stock, i.e. CTRA (1.7%). BI’s rate cut, followed by the lower mortgage loan (KPR) rate is the potent driver for the rally in the property sector.

Daily Foreign & Domestic Sector Movement
On Friday (07/19), JCI recorded foreign outflows of IDR849 billion. Stocks of PT Tower Bersama Infrastructure Tbk (TBIG) posted outflows of IDR1.70 trillion on Friday’s trading sessions as it bought 110.94 million stocks. Besides, the Indonesia rupiah’s exchange rate to USD is still appreciated due to BI’s decision and the Fed’s hints of the rate cut.

Domestic investors posted outflows of IDR136 billion and IDR123 billion form the consumer and banking sectors, respectively.

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