Jakarta, CNBC Indonesia – While the Composite Stock Price Index (IHSG) was successful in performing high throughout April, there were at least 5 stocks that fell under significant selling pressure. The collapse of the five shares is certainly not good news for shareholders ahead of the 2022 Eid celebrations.
Referring to data from the Indonesia Stock Exchange (IDX), the JCI rose 2.23% to a position of 7,228.91 during April trading which was officially closed on Thursday (28/4).
In the midst of the increase in the JCI, foreign equity investors’ funds flowed into the domestic market with a total net purchase of Rp 17.73 trillion in the regular market and Rp 23.14 trillion in the negotiated and cash markets.
Here are the stocks that boncos alias became the top losers during April.
-
Nanotech Indonesia Global (NANO), decreased during April -53.96%, to Rp 64/unit
-
Transkon Jaya (TRJA), -48.82%, to Rp 216/unit
-
Borneo Olah Sarana Sukses (BOSS), -44.96%, to Rp 71/unit
-
Mitra Angkasa Sejahtera (BAUT), -31.65%, to IDR 54/unit
-
MNC Kapital Indonesia (BCAP), -26.57%, to Rp 210/unit
Shares of issuers of technology services and research NANO fell the most, up to minus 53.96% to Rp 64/unit.
After having penetrated Rp. 176/unit on March 17, 2022 or a week after the official gig on the stock exchange, NANO’s shares continued to be hit by selling actions, making the price closer to the gocap level or Rp. 50/unit.
Just so you know, NANO is the 10th listed company to be listed on the IDX in 2022. On Thursday, March 10, 2022, PT Nanotech Indonesia Global Tbk (NANO) shares and warrants were officially listed on the Acceleration Board of the Indonesia Stock Exchange (IDX).
The company, which was only established in 2019, is engaged in Research and Development of Natural Science and Other Engineering Technology and Other Management Consulting Activities for approximately 3 years.
The Company released 1,285,000,000 shares or equivalent to 29.99% of the shares released to the public at an offering price of Rp. 100 per share, so that the total proceeds from the IPO obtained by NANO amounted to Rp. 128,500,000,000.
Next, TRJA’s shares also plunged quite deeply, namely 48.82% to Rp 216/unit. After touching Rp 640/unit on March 18, 2022, this stock tends to move down the ‘hill’.
A similar pattern also occurred in the shares of listed coal companies BOSS which returned to the level of Rp. 71/unit. These stocks tend to be sold off after flying high.
This stock was at the level of IDR 70 during early December 2021 until the end of February 2022, before the coal stock price rally sent BOSS stock price to IDR 129/unit on March 30, 2022.
Not to be missed, BAUT shares also fell by minus 31.65% during this month. After briefly touching Rp. 244/unit on February 2, 2022, this stock was abandoned by investors, causing the price to approach the level of Rp. 50/unit, like the NANO stock above.
Just so you know, BAUT shares officially IPO on the stock exchange on January 28, 2022.
In short, after a brief ‘honeymoon’ period where the share price rose to the top, this stock then experienced a significant decline until now its share price is below the IPO price (Rp 100/unit).
CNBC INDONESIA RESEARCH TEAM
(adf/vap)
–
