Foreign investors sold off local stocks on Wednesday (June 20), the first trading day in Indonesia after the long Eid al-Fitr holiday. Foreign investors booked a net sell of Rp2.04 trillion yesterday, bringing year-to-date net sell to Rp45.48 trillion. Investors were focused on selling financial stocks (-3.54%), agriculture (-2%), consumer goods (-2.37%), and property (-2.96%). Banking stocks led market correction, with Bank Rakyat Indonesia falling 5.7%, followed by Bank Central Asia (-3.4%), Bank Mandiri (-3.6%), and Bank Negara Indonesia (-6.5%).To subscribe please click here
