Wait and See ahead of the BI 7DRR release, and the fading inflation effect makes the JCI remain flat within the week. This can be seen from the Primary Consumer, which strengthened by 1% and led to the sectoral strengthening. The strengthening indicates that domestic investors tend to stand amid foreign investors, who
recorded a net sell of IDR2.2 trillion a week. Another Wait and See indicator, the Financial Sector gained only 0.2%, and the Technology Sector weakened by 0.9%. These two sectors became the most directly affected by the interest rate rise, both positively and negatively. Furthermore, the BI 7DRR data released last Thursday makes NHKSI Research perceive that investors are relatively resilient, potentially causing more investment decisions in this week’s trading.
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