Market Recap
JCI closed higher, backed by the banking and infrastructure sectors. JCI’s Top Gainers: Misc. Industry(+2.4%), Infrastructure (+2.1%), Finance (+1.8%).
INNI Index was solid at 1.94%, aligning with JCI’s higher close. ANTM picked up 7,6%, responding to the rising prices of gold. That was benefited from the more bruising trade war.
Daily Foreign & Domestic Sector Movement
Yesterday, JCI recorded foreign inflow of IDR597 billion into the banking sector. The Fed signaled to cut FFR as the US economic growth slowed. Foreign inflow was on the ground that rupiah strengthened further. The upgraded rating of Indonesian sovereign bonds provided a big boost for rupiah’s movement on Monday (6/10).
Domestic investors invested their funds of IDR239 billion and IDR71 billion in the infrastructure and mining sectors, respectively.
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