Jakarta, CNBC Indonesia – The Indonesian stock market has weakened this week and is out of the psychological level of 6,600. That matter accompanied by increased trading volatility in the midst of falling values and trading volumes.
Within a week, the JCI was corrected 0.59% point-to-point. Meanwhile, on Friday (12/17/2021) trading this weekend, the JCI only rose 0.11% to a level of 6,562.9.
The weekly correction continued the previous week’s correction of 0.77%. However, throughout December, the JCI still strengthened by 0.44%.
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Photo: JCI- – |
Starting the week, the JCI plunged 54.8 points on Monday. The correction occurred following the correction trend in global markets due to the Covid-19 pandemic. Despite the fact that market participants have discovered that the latest variant of the Covid-19 virus, namely Omicron, has proven not to trigger severe symptoms, developed country governments have been reactive by implementing social restrictions (lockdown).
The Netherlands begins to enforce lockdown full on Sundays until mid-January. Germany on Monday also tightened its borders by allowing only its citizens and settlers, as well as passengers on transit flights to enter its territory.
On Thursday, positive sentiment began to emerge regarding studies in South Africa and the UK confirming that the pmicron had a limited impact, causing the stock market to rebound. However, it was not enough to arouse investors’ buying appetite, because trading was getting quieter into the Christmas holiday.
Referring to data from the Indonesia Stock Exchange (IDX), the total value of trading for a week is only IDR 52.7 trillion, which was obtained from transactions of 121 billion shares as many as 6.3 million times. Foreign investors recorded net sales (net sell) in the regular market of Rp. 773.85 billion.
The biggest selling action hit shares of PT Bank Rakyat Indonesia Tbk (BBRI), where foreign investors scored net sell IDR 1.8 trillion. Automotive shares of PT Astra International Tbk (ASII) followed with a net sales value of Rp 723.3 billion.
In terms of total transaction value, PT Bank Jago Tbk (ARTO) shares lead with a weekly trading value of Rp 2.8 trillion, followed by BBRI and PT Adaro Energy Tbk (ADRO) with the same amount of Rp 1.8 trillion.
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