Market Recap
JCI was rebound after a 4-day losing streak. The rebound was backed by the banking sector. JCI’s Top Gainers: Basic Ind. (+1.5%), Finance (+1.0%), Trade (+0.9%).

INNI index was rebound, backed by retail stocks, e.g. LPPF (+6.1%) and MIKA (+3.9%).

Daily Foreign & Domestic Sector Movement
On Friday (10/04), JCI cheered foreign inflows of IDR474 billion after large-cap. banking stocks (BBRI, BBCA, and BMRI) posted inflows of IDR427 billion. Adding to the buoyant banking stocks was a 0.20% growth in ICBP after Pepsi Co. terminated cooperation with PT Anugerah Indofood Barokah Makmur (AIBM) on grounds of the instant noodle as the greatest contributor to ICBP’s sales. A glance at commodities, Dec. Comex gold prices strengthen 0.09% after a slowdown in the US economic data fuel investors’ fear.

The rupiah exchange rate against USD was appreciated at 0.4% to 14,135.

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