Market Recap
JCI closed lower on Friday, 05/03/19, held back by the basic industry sector. Top Losers JCI: Basic Industry (-2.2%), Mining (-1.2%), Property (-1.2%).
Aligning with JCI, INNI Index dropped 0.59%, suppressed by declining ANTM’s 3.7%. It corresponded to weakening gold prices of Commodity Exchange (Comex) for June 2019 contract.
Daily Foreign & Domestic Sector Movement
On Friday, 05/03/19, foreign net sell of IDR976 billion outflowed from JCI. USDIDR depreciation, political turmoil, and disappointing 1Q19 earnings–the agricultural in particular–were negative sentiments stimulating capital outflows. Despite the bleak backdrop, investors are expecting 1Q19 brighter economic growth: positive catalysts.
Meanwhile, domestic investors posted net buy in most sectors as the infrastructure particularly posted domestic inflows of IDR287 billion.
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