JCI was rebounding, backed by the banking stocks. JCI’s Top Gainers: Infrastructure (+1.9%), Mining (+1.8%), Basic Industries (+1.5%).
INNI index gained 0.94%, as did JCI, because of sound mining stocks, ANTM (+4.5%), INCO (+3.4%) and ADRO (+3.2%).
Daily Foreign & Domestic Sector Movement
JCI continued to record foreign outflows of IDR103 billion with the largest outflows of IDR72 billion running out from cement makers. But the cigarette maker, HMSP an exception to its peers, was the most top-pick stock by foreign investors as it secured IDR66 billion worth of capital inflows to close Tuesday’s trading session at a 4.61% gain. JCI also saw IDR31 billion and IDR18 billion fleeing from its consumer goods and banking stocks.
In the domestic highlights, the Coordinating Investment Board (BKPM) posted a hike of 9.61% y-y in 2Q19 foreign investment: a positive outlook of Indonesia’s commercial activities.
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