JCI was at a tepid close on Friday (06/14) as the property sector lagged. JCI’s Top Losers: Property (-1.5%), Misc. Industry (-0.9%), Basic Industry (-0.9%).
Like JCI’s performance, INNI Index nudged down by 0.34%, held back by retail stocks, such as RALS (-5.2%) and LPPF (-2.7%).
Daily Foreign & Domestic Sector Movement
On Friday (06/14), foreign investors posted a slight net sell of IDR64 billion. They fled IDR40 billion worth outflow from the mining sector. Asia bourses—including JCI—were bearish due to the global economic gloom, exacerbated by the U.S Iran tensions. In the domestic side, April’s 6.7% y-y gain in retail sales proved futile to drive JCI up.
Domestic investors withdrew IDR109 billion from the banking sector and IDR76 billion from the infrastructure sector.
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