Market Recap
JCI was rebound, underpinned by the banking and construction sectors. JCI’s Top Gainers: Property (+3.4%), Finance (+1.4%), Misc. Industry (+1.2%)
INNI Index picked up 1.21% as property stocks inclined, i.e. CTRA (+6.8%) and PWON (6.3%). No luxury tax (PPnBM) imposed on apartments and houses, prices of which are below IDR30 billion is the potent driver for the inclines.
Daily Foreign & Domestic Sector Movement
Yesterday, JCI cheered foreign inflow of IDR383 billion with the biggest inflow of IDR342 billion run to the banking stocks. That was attributable to rupiah appreciation. Indonesia benefited from low global crude prices, lagging its current account deficits.
Foreign inflows flooded JCI as domestic inflow did with the property and agricultural sectors received inflows of IDR81 billion and IDR5 billion, respectively.
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