Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed down on Thursday (28/10/2021), following the collapse of Asian stock markets today and the United States (US) stock market on Wednesday (27/10/2021).
The national benchmark stock exchange index closed down 1.18% to 6,524,076. Throughout the day, the JCI failed to return to the strengthening zone. In fact, the JCI was forced to drop to its psychological level of 6,500 today.
Trade data noted that today’s transaction value rose slightly to Rp 13.5 trillion. Only 152 stocks rose until the end of today’s trading. The remaining 381 stocks weakened and 131 were stagnant.
The decline in the JCI was also caused by foreign investors starting to make net sales (net sell) to almost half a trillion rupiah, or more precisely, Rp 468 billion in the regular market.
Foreigners are listed as releasing three large market cap stocks (big cap) today, namely the shares of PT Bank Rakyat Indonesia Tbk (BBRI), PT Astra International Tbk (ASII), and PT Bank Central Asia Tbk (BBCA).
In addition to releasing three shares big capIn addition, foreign companies also released shares in ASII’s subsidiaries, namely PT United Tractors Tbk (UNTR), shares of coal listed companies PT Bukit Asam Tbk (PTBA) and PT Indo Tambangraya Megah Tbk (ITMG).
The following shares were released by foreign investors today.
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Although foreigners have started to sell net, several other foreign investors are recorded to still collect several stocks, of which foreigners collect state-owned banking shares, namely PT Bank Negara Indonesia Tbk (BBNI), PT Bank Tabungan Negara Tbk (BBTN), and PT Bank Mandiri. Tbk (BMRI).
In addition, foreigners also collect shares of coal issuer PT Indika Energy Tbk (INDY), shares of state gas issuer PT Perusahaan Gas Negara Tbk (PGAS), and shares of property issuer PT Ciputra Development Tbk (CTRA).
The stocks collected by foreign investors today are:
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From Asia, stock markets in the region have been observed to collapse, as investors are concerned that the economy in the region will slow down again due to the energy crisis, the increase in cases of the corona virus (Covid-19) in China, and the ongoing liquidity crisis of Chinese property companies.
Around 16:00 WIB, Japan’s Nikkei index fell 0.96%, Hong Kong’s Hang Seng fell 0.28%, China’s Shanghai Composite fell 1.23%, Singapore’s Straits Times fell 0.61%, and South Korea’s KOSPI fell 0 ,53%.
In China, negative sentiment came from the re-imposition of regional restrictions (lockdown) and the default sentiment of Chinese property giants ranging from Evergrande to Modern Land.
Meanwhile in Japan, the central bank of the State of Sakura (Bank of Japan/BoJ) again maintained its benchmark interest rate at a low level, namely -0.1% today.
Asian markets tend to follow the movement of the US stock market, Wall Street which mostly closed corrected on Wednesday US time.
The Dow Jones Industrial Average (DJIA) closed down 0.74% to 35,490.69, the S&P 500 fell 0.51% to 4,551.68. However, the Nasdaq Composite index tends to be flat at 15,235.84 levels.
The economic recovery of Uncle Sam’s country is predicted to slow down in the third quarter of 2021, because the supply of goods has not been optimally absorbed, while energy commodity prices have strengthened and employment has not been optimal.
The Dow Jones poll predicts US economic growth will be 2.8% when the US Department of Commerce announced this evening. Although it is still relatively strong, the record of Gross Domestic Product (GDP) growth will be the weakest in the era of pandemic recovery.
In fact, there is a possibility that the economy did not grow at all in the last quarter, given that platform Atlanta’s Federal Reserve (The Fed) GDPNow lowered its estimate to 0.2%.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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