Market Recap
JCI steeply plunged after April’s trade reading. Top Losers JCI: Basic Industry (-2.4%), Consumer (-1.4%), Finance (-1.3%).
INNI Index dropped by 1.45%. PTBA, a mining stock, tumbled at 4.9% as coal prices at ICE Newcastle weakened.
Daily Foreign & Domestic Sector Movement
Foreign investors pull a net sell IDR458 billion out of JCI as the banking sector hit hardest by IDR395 worth outflows. The subdued trade frictions between the US and China failed to bring rupiah appreciation, given the fact of rupiah as Asia’s second most depreciated currencies. Trump urged the Fed to gauge impacts of Chines countermeasures over the U.S. future economy.
Meanwhile, the retail and the miscellaneous industries suffered from IDR107 billion and IDR47 billion worth of domestic outflows, respectively.
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