JCI closed lower, subdued by large-cap. banking stocks. JCI’s Top Losers: Finance (-1.5%), Property (-1.4%), Misc. Industry (-1.4%).
INNI closed lower, held back by retailers, e.g. MAPI (-4.9%) and LPPF (-4.3%). Declines in retail stocks were attributable to recent political unrest, curbing retail sales.
Daily Foreign & Domestic Sector Movement
After 2 consecutive days of foreign outflows, JCI finally attained foreign inflows of IDR786 billion. The construction sector posted the inflows of ~IDR1.2 trillion. A 1.6 % gain of IDR1.32 trillion posted by TBIG in the nonregular market accounted for the largest foreign inflows on Wednesday’s trading sessions. TBIG currently plans to issue bonds with USD denomination worth of USD650 million, and the proceeds from the issuance will be spent on business expansion and support the company’s capital.
The rupiah was slightly depreciated against USD at 0.07 to 14.027.
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