Market Recap
JCI close lower as the banking sector tanked. JCI’s Top Losers: Mining (-1.9%), Misc. Ind (-1.7%), Basic Ind. (-0.6%).
INNI index plunged and recorded worse performance than JCI. As political unrest against controversial bills dragged INNI’s portfolios down.
Daily Foreign & Domestic Sector Movement
Foreign investors pulled out their funds of IDR773 billion from JCI; that was a nine-day losing streak. Unlike JCI, most of Asia markets were at bearish close after Chinese officials will re-schedule a visit to farms in Montana. In the domestic backdrop, Indonesia’s political unrest fueled fears as foreign investors fled their money from Indonesia; large cap. stocks positioning as the top 5 foreign outflows portrayed the concerns.
The rupiah Indonesia, meanwhile, was depreciated 0.02 to 14,114 against USD.
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