Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) on perdagangan first session Wednesday (9/9/20) atLid down 1,24% at level 5.178,99 after being dragged into profit taking action on US exchanges which also upset Asian bourses.
Trade data noted that foreign investors made net selling of Rp 288 billion in the regular market today with today’s transaction value touching Rp 3.5 trillion.
The stock that has been sold most by foreigners today is PT Bank Independent Tbk (BMRI) with a net sale of Rp 57 thousandand and PT Bank Rakyat Indonesia Tbk (BBRI) who recorded net sell amounting to Rp 59 billion.
Meanwhile saham the most dikoleksi foreigners today are PT Sarana Menara Nusantara Tbk (TOWR) with a net purchase of Rp 16 thousandand and PT H M Sampoerna Tbk (HMSP) with net buy amounting to Rp 8 billion.
Further exchanges in the Asian regionobserved subsidence, Nikkei in Japan detectedpresses 1,15%,The Hang Seng Index in Hong Kong is down0,97%, sedangkan Index STI in Singapore dropped 0,53%.
From within the country, there is the release of retail sales data for the July 2020 period today. Bank Indonesia (BI) estimates retail sales for the month contracted 12.3% over the same period the previous year (year-on-year/YoY).
Sluggish retail sales have further confirmed that domestic household consumption is in trouble. Previously, there were two data that described this, namely the Consumer Confidence Index (IKK) which is still below 100 and deflation that occurred in July-August. Even BI estimates that deflation will continue in September.
The New York stock exchange has just started trading for the first time this week, because yesterday was a holiday commemorating Labor Day. But just starting a new week, Wall Street immediately collapsed.
Indeks Dow Jones Industrial Average (DJIA) closed down 2.25%. Meanwhile, the S&P 500 and Nasdaq Composite collapsed 2.78% and 4.11%, respectively.
Investors on Wall Street are also worried about the deteriorating US-China relationship. US President Donald Trump has again expressed a discourse to break ties with the Bamboo Curtain country.
“We lose billions of dollars (when we do business with China). If we don’t do business with them, we won’t lose billions of dollars. decoupling, maybe you start thinking about it.
“We will make the US an industrial country superpower world class and end dependence on China forever. Is that with decoupling or the imposition of import duties, which I have done, we will end dependence on China. We cannot rely on China, “Trump said at a press conference at the White House, as quoted by Reuters.
RESEARCH TEAM CNBC INDONESIA
(trp/trp)
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