Aligning with the regional bourses, JCI nudged down on Friday, 03/08/2019, amid USDIDR depreciation and the release of China’s trade balance. Top Losers: Infrastructure (-2.58%), Misc. Industry (-2.06%), Basic Industry (-1.37%)
Daily Foreign & Domestic Sector Movement
On Friday, 03/08/2019, foreign outflows were at IDR610 billion, as the bank sector posted the biggest foreign outflows of nearly IDR363 billion. On the same day, Bank Indonesia (BI) released foreign reserves, nudged up 2.6% to USD123.3 billion. Yet, such negative sentiments as Thursday’s rally of 0.82% in dollar index and a 2-consecutive-day slump of 1.29% in Dow Jones from Wednesday, 03/06, to 03/07, dragged JCI lower by 1.16% during intraday.
Meanwhile, the building construction posted domestic outflows of IDR31 billion. That outflows occurred when WEGE’s stocks picked up 2.84%; thus, investors domestic took profit taking on the stocks.
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