Foreigners Fight for BBCA-TLKM-BBNI’s Shares, UNVR-TBIG’s Shares Are Dilego

Jakarta, CNBC Indonesia – Composite Stock Price Index (JCI) closed lower on Tuesday (7/9/2021). The national benchmark stock exchange index closed down 0.24% to 6,112.4.

JCI had opened, but after about 30 minutes after opening, the JCI turned down and until the end of today’s trading, the JCI was not strong enough to return to the green zone.

Trade data noted that today’s transaction value fell again to Rp 9.7 trillion. It was observed that foreign investors again made net purchases (net buy) of Rp 263 billion in the regular market. A total of 252 stocks up, 247 stocks down and another 149 flat.

Foreigners are listed as still collecting three stocks big cap the same as in yesterday’s trading, namely the shares of PT Bank Central Asia Tbk (BBCA), PT Telkom Indonesia Tbk (TLKM), and PT Bank Mandiri Tbk (BMRI).

Besides still collecting three stocks big cap Meanwhile, foreigners are still collecting shares of PT United Tractors Tbk (UNTR) today. Foreigners are also recorded as collecting bank shares big cap others, namely PT Bank Negara Indonesia Tbk (BBNI) and shares startup e-commerce, PT Bukalapak.com Tbk (OPEN).

The following are stocks collected by foreign investors today.

On the other hand, foreigners are also listed as still selling consumer shares big cap PT Unilever Indonesia Tbk (UNVR) to this day.

In addition, foreigners began to sell shares in the telecommunications tower PT Tower Bersama Infrastructure Tbk (TBIG), media shares in PT Media Nusantara Citra Tbk (MNCN), and bank shares. big cap PT Bank Rakyat Indonesia Tbk (BBRI).

The shares released by foreign investors today are:

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Domestically, Bank Indonesia (BI) announced that foreign exchange reserves (cadev) for the August 2021 period jumped by US$ 7.5 billion, to US$ 144.8 billion. This figure is the highest level in the history of the republic.

The surge in cadev confirms the assumption that global liquidity conditions are still abundant, which makes foreign investors more comfortable to spend on stocks today, because they believe that foreigners will come in and help from the demand side (demand).

Meanwhile from Asia, China’s exports reportedly jumped 25.6% on an annual basis as of August, or exceeded analyst expectations in a Reuters poll which led to the prediction of an increase of 17.1%.

Global sentiment currently tends to be quiet, because the financial markets of the United States (US) are not open due to the holiday commemorating Labor Day on Monday (6/9/2021) local time.

Although sentiment tends to be quiet, global market players are still responding to their disappointment from the US employment data for the period August 2021.

Labor conditions in the US are still depressed by the pandemic which indicates a recovery is still far in sight. New salary slips as of August only increased by 235,000, or far from the expectations of economists in a Dow Jones poll of 720,000. This figure is also far from July’s achievement of 1.05 million salary slips.

The trigger was the re-spreading of the delta variant, which depressed business players’ optimism again, and reduced their business activities.

As a result, the market is betting that the US central bank (Federal Reserve / The Fed) will not rush to launch tapering (reduced bond purchases in the secondary market) this year.

CNBC INDONESIA RESEARCH TEAM

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(chd / chd)

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