Market Recap
JCI shed as the consumer sector suppressed it. JCI’s Top Losers: Consumer (-1.1%), Trade (-0.9%), Infrastructure (-0.6%).

INNI index shed 0.18%, hindered by WIKA’s 2% decline. Divestment plan of WIKA’s two subsidiaries having yet to obtain approval from the Ministry of State-Owned Government put a setback for its movements.

Daily Foreign & Domestic Sector Movement
Monday’s foreign funds of IDR246 billion fled from JCI’s portfolios as foreign investors pulled their money from stocks categorized in the BUKU IV, e.g. BBCA, BBRI, and BBNI. Asia markets mostly at tepid close as the Indonesia rupiah’s exchange rate to USD was also depreciated. That was attributable to markets’ expectancy of the Fed’s to not aggressively cut FFR to support the U.S. economy as it only hints 25 bps cut rate.

The miscellaneous and consumer sectors respectively posted domestic outflows of IDR39 billion and IDR5 billion.

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