Market Recap
JCI closed flat yesterday as the financial and consumer sector strengthened. Top Gainers JCI: Mining (+0.49%), Finance (+0.30%), Consumer (+0.21%).

INNI Index nudged up 0.05% yesterday as Lippo group—LPPF and SILO stocks—led as top gainers. INNI’s top gainers, on the sectoral basis, were the basic industry (+0.41%) and the trade (+0.35%).

Daily Foreign & Domestic Sector Movement
Yesterday’s foreign inflows amounted to IDR83 billion as the flood of inflows of IDR407 billion poured into the banking sector. Despite foreign appetite for BBRI’s stocks, securing net buy of IDR307 billion, the price of BBRI’s stocks slightly dropped at 0.25%. BBRI will issue 5-year-tenor global bonds. Fitch ratings rated BBRI with BBB-.

Foreign inflows were followed by domestic inflows of IDR177 billion into the transportation industry as domestic inflows of IDR176 billion heavily poured into BIRD. BIRD targets to provide taxi services to newly-build airports, i.e. Kertajati Airport in Majalengka and Wiriadinata Airport in Tasikmalaya.

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