JCI strengthened further, backed by the financial sector. Top Gainers JCI: Finance (+0.99%), Agriculture (+0.62%), Infrastructure (+0.51%).
On Friday, March 22nd, INNI Index strengthened by 0.21%, a slight drop compared with an increase of 0.36% in JCI. BDMN, which is not listed on INNI, picked up by 4.37% as it performed a merger with Mitsubishi UFJ Financial Group (MUFG).
Daily Foreign & Domestic Sector Movement
Friday’s foreign inflows accounted for IDR487 billion as foreign investors ploughed IDR213 billion and IDR111 billion into the banking and property sectors, respectively. Both sectors hiked JCI by 0.36%. BI’s macroprudential policy benefits and puts those sectors in the spotlight, so that foreign investors target them.
Foreign inflows were followed by domestic inflows of IDR20 billion into the construction sector amid the potentially higher increment in banking credits. The construction sector is one of industries, needed a substantial amount of banking loans.
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