Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed lower on Wednesday (5/1/2022), amid concerns about monetary tightening in the United States (US), which has caused technology stocks in Asia and the US to experience deep corrections and rising yields.yield) US government bonds.
The national benchmark stock exchange index closed down 0.49% ke level 6.662,299. The index was trading in the green zone at the beginning of the first trading session today. However, at around 10:00 WIB, the JCI immediately reversed its direction to the red zone until the closing of today’s trading.
Trade data recorded that the JCI transaction value today jumped to Rp 23 trillion. A total of 174 stocks appreciated, 369 stocks depreciated, and 138 stocks flat. Foreign investors are still doing net buying (net buy) of IDR 836 billion in the regular market.
Foreigners are listed as chasing six large market cap stocks (big cap) above Rp 100 trillion, of which five of them are banking shares.
The five banking stocks are PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Central Asia Tbk (BBCA), PT Bank Jago Tbk (ARTO), PT Bank Negara Indonesia Tbk (BBNI) shares, and PT Bank Mandiri Tbk shares. (BMRI).
In addition, foreigners are also hunting for stocks big cap issuer of technology and media, namely the shares of PT Elang Mahkota Teknologi Tbk (EMTK).
The following stocks are being hunted by foreign investors today.
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Meanwhile, from net sales, foreigners are recorded to have released two shares big cap above Rp 100 trillion, namely shares of PT Telkom Indonesia Tbk (TLKM) and shares of PT Astra International Tbk (ASII).
In addition, foreigners also divested shares e-commerce PT Bukalapak.com Tbk (BUKA), the shares of the listed cement producer under the Semen Gresik brand, namely PT Semen Indonesia Tbk (SMGR), the shares of the state natural gas transmission and distribution issuer, PT Perusahaan Gas Negara Tbk (PGAS), and the shares of the media issuer MNC Group, namely PT MNC Studio International Tbk (MSIN).
The shares released by foreign investors today are:
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Investors tend to realize their profits today, after the last few days the JCI closed in the green zone.
The JCI correction also occurred in the midst of the movement of the Asian stock exchanges which mostly weakened, where the Hang Seng Hong Kong index and China’s Shanghai Composite led the weakening of Asian markets today. Hang Seng and Shanghai sank by more than 1%.
The negative sentiment that overshadowed the market mainly emerged from the United States (US) where the smell of tightening monetary policy of the US central bank (Federal Reserve / The Fed) was getting stronger, thus making Wall Street’s performance tend to be depressed.
As a result, the potential for tightening monetary policy from the Fed in the near future makes technology stocks in the US and Asia fall today.
In addition to being affected by technology stocks, the potential for the Fed’s stance is more hawkish also had time to make returns (yield) Uncle Sam’s government bonds (Treasury) with a tenor of 10 years rose to reach the level of 1.7%.
The market is also monitoring developments around the Covid-19 virus pandemic, where the latest variant of the virus, namely Omicron, is reported to be mixed with the Delta virus (becoming delmicron) and even the common cold virus.
As a result, world market players are again wary, especially amid rising daily positive cases in various countries.
CNBC INDONESIA RESEARCH TEAM
(chd / dhf)
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