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Not a lot of drama, these 2 sectors are big when the JCI flies

Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) rose 1.5% to 6,382.12 one hour after trading opened today, Wednesday (6/10/2021).

The strengthening of the JCI by more than 1% was supported by the increase in stock prices with large market capitalization. However, if viewed by sector, almost all indices strengthened except for the property index.

The largest sectoral index gain was experienced by the energy sector, which rose nearly 3%. Then in the second position is the financial sector index which rose more than 1.5%.

The following is the performance of today’s sectoral indices up to 10.00 WIB:

Index

Today’s Performance

IHSG

+1,50%

Energy

+2,90%

Financials

+1,80%

Consumer Non-Cyclicals

+1,11%

Consumer Cyclicals

+1,05%

Industrials

+0,68%

Healthcare

+0,56%

Technology

+0,45%

Basic Materials

+0,35%

Utilities

+0,27%

Real Estate

-0,17%

The occupants of the energy sector index are mostly coal mining companies and oil and gas issuers. The increase in coal prices of up to 12 percent a day to US$ 280/ton became a positive catalyst for the stock price of the listed coal issuer.

As of 10:05 WIB, shares of PT Indo Tambangraya Megah Tbk (ITMG) led the gains with an appreciation of 6.34% to Rp 26,435/unit.

Then there is the share of PT Harum Energy Tbk (HRUM) which ranks second with an increase of 3.66% to Rp 8,500.

Shares of PT Adaro Energy Tbk (ADRO) also rose 3.28% to Rp 1,890/unit. Followed by shares of PT Bayan Resources Tbk (BYAN) which rose 2.68% to Rp 28,700/unit.

Shares of PT Indika Energy Tbk (INDY), which is usually the most sensitive to coal price movements, also rose 2.78% to Rp 2,220/unit.

Finally, there is the state-owned mining company PT Bukit Asam Tbk (PTBA) with an increase of 1.76% to Rp 2,890/unit.

In the financial sector, all big bank stocks are moving in the green zone. Shares of PT Bank Negara Indonesia Tbk (BBNI) led the appreciation with a 4.82% increase to Rp 5,975/unit.

Shares of PT Bank Rakyat Indonesia Tbk (BBRI) also rose 4.33% to Rp 4,100/unit as runner up. In the third position, PT Bank Mandiri Tbk (BMRI) shares rose 2.72% to Rp 6,600/unit, then PT Bank Central Asia Tbk (BBCA) shares rose 2.02% to Rp 35,400/unit.

The three stocks of big banks BBRI, BBCA and BMRI are also among the most collected stocks by foreigners with a net buy of more than Rp 550 billion today.

In the midst of the JCI’s increase of more than 1.5%, 297 stocks were observed to have strengthened, 189 were corrected and 146 were stagnant. The transaction value reached Rp. 7.5 trillion and foreign net buys were massive in the regular market with a value of Rp. 862 billion.

Overall, the energy and financial sector indexes are the movers for the JCI today.

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

(trp/trp)



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