Market Recap
JCI was at a tepid close, held back by the banking and consumer sectors. JCI’s Top Losers: Agriculture (-0.6%), Finance (-0.4%), Basic Industry (-0.3%).

INNI Index muted at 0.74% as retail stocks such as RALS and LPFF declined by 6.0% and 3.8%, respectively. It was on the ground that retailers’ sales performance during Lebaran 2019 was as modest as the 2018’s performance.

Daily Foreign & Domestic Sector Movement
Yesterday, JCI was at the red zone as IDR696 billion worth of foreign outflow fled. The banking sector dived, dragged down by a flood of foreign outflow of IDR491 billion. Foreign investors’ fears of rupiah depreciation fled their money from JCI; even May’s solid Consumer Confidence Index (CCI) at 128.2 failed to provide a big boost for JCI to shift to the green zone.

Like foreign investors, domestic investors withdrew their money of IDR28 billion from the infrastructure sector and IDR6 billion from the miscellaneous industry.

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