Jakarta, CNBC Indonesia – Together with the Asian stock market, the Jakarta Composite Index (JCI) was finally successful rebound on last Thursday’s trading (18/3/2021 after racing 1.12% to 6,347.83 position. The reference index for the Indonesia Stock Exchange (BEI) had slumped for 3 days since last Monday-Wednesday.
IDX data noted that the JCI had skyrocketed to its highest daily level of 6,358 although it had not yet been able to penetrate the next psychological level of 6,400.
The strengthening of the JCI took place throughout the Asian stock market. For example, the Japanese Nikkei index closed up 1.01% to 30,216.75, Hong Kong’s Hang Seng rocketed 1.28% to 29,405.72, China’s Shanghai Composite rose 0.53% to 3,463.75, Singapore’s STI grew 0.9% to 3,137.66, and South Korea’s KOSPI appreciated 0.61% to 3,066.01.
IDX data noted that 239 stocks rose, 236 stocks declined and 168 stocks stagnated, with a transaction value of Rp 11.26 trillion and trading volume reaching 17.78 billion shares.
Foreign investors recorded a net purchase of Rp 680.32 billion in the regular market. Meanwhile, foreigners recorded net sales on the negotiation market and cash market of Rp 58.07 billion.
Top 10 Net Foreign Buy (Regular) Thursday (18/3)
1. Bank Mandiri (BMRI), net buy IDR 192 billion, shares +4.21 IDR 6,800
2. Bank BRI (BBRI), IDR 100 billion, + 1.93% shares IDR 4,760
3. BNI (BBNI), Rp 88 M, shares +2.87% Rp 6,275
4. Unilever (UNVR), IDR 42 Billion, + 1.93% shares IDR 6,600
5. Adaro (ADRO), Rp 37 billion, shares + 3.25% Rp 1,270
6. Telkom (TLKM), Rp. 33 Billion, + 1.77% shares Rp. 3,450
7. United Tractors (UNTR), IDR 32 Billion, + 3.09% shares IDR 21,700
8. Bank KB Bukopin (BBKP), IDR 30 billion, shares -0.93% IDR 530
9. Bukit Asam (PTBA), Rp 29 M, shares +1.48% Rp 2,750
10. Bank Syariah Indonesia (BRIS), IDR 28.5 Billion, + 0.74% shares IDR 2,720
From the data above, there were six stocks with market capitalization of more than Rp 100 trillion that were bought by foreigners yesterday. The six shares are BMRI Rp. 317 trillion, BBRI Rp. 587 trillion, BBNI Rp. 117 trillion, UNVR Rp. 252 trillion, TLKM Rp. 342 trillion, and BRIS Rp. 112 trillion.
One share with the largest capitalization is PT Bank Central Asia Tbk (BBCA), which is IDR 827 trillion, the shares are released by foreigners IDR 6.14 billion, with a 1.44% increase in share price at the level of IDR 33,525 / share.
Yesterday, at the Board of Governors Meeting (RDG), Bank Indonesia (BI) decided to maintain the benchmark interest rate. This is in line with market expectations.
“The RDG of Bank Indonesia on March 17-18, 2021 decided to maintain the BI 7-Day Reverse Repo Rate at 3.5%, the Deposit Facility rate at 2.75%, and the Lending Facility rate at 4.25%,” said Perry. Warjiyo, Governor of BI, at a press conference after the March 2021 edition of the RDG, Thursday (18/3/2021).
The sentiment for state-owned banks, especially BRI Bank, is the clarity of the plan to issue new shares in the context of providing Pre-emptive Rights (HMETD) or rights issue in the framework of Holding BUMN Ultra Micro.
The Ministry of State-Owned Enterprises (BUMN) mentioned implementation rights issue BRI will be carried out in the third quarter of this year. This corporate action was carried out in the context of forming an ultra-micro holding by synergizing PT Permodalan Nasional Madani (PNM) and PT Pegadaian under the control of Bank BRI.
Deputy Minister of BUMN Kartika Wirjoatmodjo said the government would participate in realizing its rights rights issue by depositing non-cash capital in the form of Pegadaian and PNM shares. The public is also given the opportunity to exercise this HMETD.
“Then the government will deposit in the form of non-cash capital deposits and maintain one dwiwarna share in Pegadaian and PNM so that there is still control over Pegadaian and PNM through dwiwarna shares,” Kartika explained in a working meeting with Commission VI of the DPR RI, Thursday (18 / 3/2021).
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