Market Recap
On Tuesday, 04/30/2019, JCI rallied, backed by the consumer and retail sectors. Top Gainers JCI: Consumer (+1.5%), Trade (+1.1%), Basic Industry (+0.9%).
INNI Index nudged up 0.46%, aligning with JCI’s rally. That was underpinned by the rebound in consumer stocks and positive sentiments over the growth of 5.3% y-y in investments.
Daily Foreign & Domestic Sector Movement
Tuesday’s net buy was worth IDR230 billion as inflows of IDR196 billion into the banking sector was the biggest. The inflows were driven by the quick-count results: the win of Jokowi-Ma’ruf Amin over 55% votes. Foreign investors are capable of projecting the next-5-year policies and stabilities from President and Vice President-elect.
Domestic’s inflows of IDR348 billion and IDR84 billion poured into the infrastructure and miscellaneous industry sectors.
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