Market Recap
JCI regained its footing after a 3-day-losing streak, strengthened by the consumer and miscellaneous sectors. JCI’s Top Gainers: Property (+1.2%), Misc. Industries (+1.2%), Infrastructure (+0.8%).

INNI Index, as did JCI, finished Thursday’s trading session at a 0.27% gain. It was attributable to retailers’ solid increase, i.e. MIKA (+5.6%) and MAPI (+4.3%).

Daily Foreign & Domestic Sector Movement
JCI recorded foreign outflows of IDR516 running out from its portfolios with the largest outflows of IDR429 billion posted by the banking stocks. Meanwhile, retail and miscellaneous stocks also recorded domestic outflows of IDR37 billion and IDR13 billion.

From the domestic highlights, a series of positive news from the reconciliation among Indonesian political elites—Prabowo and Megawati talks—signifying more conducive political circumstances; banks released their 2Q19 strong earnings to the Indonesia rupiah exchange rate for USD strengthening by 0.11% after a few days declines re-build optimism.

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