Market Recap
JCI was rebounding, backed by the banking and basic industry sectors. Top Gainers JCI: Basic Industry (+1.8%), Misc. Industry (+1.2%), Infrastructure (+1.1%).

INNI Index closed higher at 0.8% as JCI also rallied. KAEF’s rally of 6.9%, underpinned by IQ19 higher net revenues, was a positive catalyst for INNI Index.

Daily Foreign & Domestic Sector Movement
Positive progress of the U.S. and China trade talks allured foreign inflows into emerging economies, e.g., Indonesia. Foreign net buy of IDR536 billion inflowed into JCI. From domestic backdrop, March’s retail edged up 10.7% y-y: the best performance since December 2016.

Additionally, domestic investors posted net buy of IDR137 billion and IDR42.8 billion in the banking and mining sectors, respectively.

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