Market Recap
JCI closed lower, constrained by the infrastructure sector. JCI’s Top Losers: Infrastructure (-1.8%), Misc. Ind. (-1.4%), Property (-0.9%).
INNI index slid down, subdued by infrastructure, utility, and transportation stocks, TLKM (-2.5%) and JSMR (-2.4%).
Daily Foreign & Domestic Sector Movement
JCI was still murky as foreign investors pulled out IDR324 billion from its portfolios with the respective largest outflows of IDR264 billion and IDR151 billion posted by the banking and telecommunication sectors. Conversely, most Asia stocks rallied as pro-democracy candidates recorded gains in Hong Kong’s district council elections. Another positive sentiment was the soon-to-be-settled partial deals between the US and China.
Meanwhile, the rupiah exchange rate for USD was appreciated at 0.07% to 14,070.
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