Market Recap
JCI rallied as the banking sector gained domestic capital inflows. JCI’s Top Gainers: Misc. Industries (+2.7%), Finance (+1.1%), Property (+0.8%).
INNI index, as did JCI, snapped higher thanks to INCO’s stellar performance. INCO, through a joint venture, is currently focusing on constructing two smelter projects.
Daily Foreign & Domestic Sector Movement
Thursday’s foreign outflows of IDR338 billion were the third day of losing streak, with IDR186 billion and IDR91 billion pulled out from the banking and telecommunication sectors, respectively. Meanwhile, Thursday’s foreign profit-taking caused TLKM to dip 0.47% along with declines in agriculture stocks, AALI (-1.10%) and LSIP (-1.94%). Apart from JCI, most of Asia markets rattled as the optimism for ahead looser monetary stance left uncertain.
The rupiah exchange rate for the US dollar was depreciated 0.14 to close at 14,080.
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