Market Recap
JCI was bearish, subdued by the consumer sector. JCI’s Top Losers: Consumers (-6.0%), Manufactur (-3.5%), Finance (-1.6%).

INNI index, likewise JCI, was at a tepid close as the consumer sector (GGRM) and the construction sector (WIKA and PTPP) dived.

Daily Foreign & Domestic Sector Movement
JCI saw foreign outflows of IDR538 billion out from its portfolios, with the largest funds of IDR531 billion pulled out from the tobacco industry subsector. HMSP and GGRM respectively edged down 20.64% and 18.21% on Monday’s trading session after the government hiked excise duties of 23% on cigarettes with the average retail selling prices of 35%. The hike will take into effects on January 1st, 2019.

The rupiah Indonesia, meanwhile, was depreciated 0.5% against USD to 14,020.

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