Market Recap
JCI was rebounding on Wednesday, 03/06/19, amid the release of Consumers’ Confidence Index. The less massive foreign outflows and the buoyant financial sector strengthened JCI. Top Gainers: Finance (+0.76%), Basic Industry (+0.57%), Misc. Industry (+0.43%).
Daily Foreign & Domestic Sector Movement
On Wednesday, 03/06/19, foreign inflows were at IDR4.1 trillion, the inflows of which IDR4 trillion was spent on the acquisition of Multistrada Arah Sarana Tbk (MASA)—the vehicle tire manufacturer—by Michelin. CEO Michelin Jean-Dominique Senard stressed that the acquisition is a perfect fit for Michelin to expand its market in Indonesia. The banking sector secured foreign inflows of IDR80 billion.
Domestic investors cheered February’s Consumers Confidence Index (CCI) by BI. It slightly depleted from 125.5 to 125.1, but domestic investors expressed their confidence about the prospect of the retail sector, posting domestic inflows of IDR126 billion on Wednesday, 03/06/19.
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