Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) on perdagangan early week Monday (21/9/20) thin red that is down 0.23 index points at level 5.058,99.
After 12 minutes, JCI was still moving wildly. After a slight decline, the JCI was slightly green by 0.17% to the level of 5,069.09 due to market players’ fear of the issue of Bank Indonesia (BI) independence.
Trade data noted that foreign investors made net selling of Rp 21 billion in the regular market today with today’s transaction value touching Rp. 715 billion.
The shares that are most sold by foreigners today are PT Astra International Tbk (ASII) with a net sale of Rp 3 thousandand and PT Bank Rakyat Indonesia Tbk (BBRI) who recorded net sell amounting to Rp 10 billion.
Meanwhile saham the most dikoleksi foreign today is PT Bank Central Asia Tbk (BBCA) with a net purchase of Rp 13 thousandand and PT Telecommunication Indonesia Tbk (TLKM) with net buy amounting to Rp 1 billion.
Sdomestic concerns regarding Bank Indonesia (BI) which will again become supervisors of the banking industry. This news is back on the market. In fact, the latest news states that changes to the legal umbrella will soon be discussed by the government and the DPR.
This raises the issue that the independence of BI will again destabilize the interest of market players and investors to invest. There is a possibility that market players and investors will capital outflow re-related to this as we saw some time ago.
Furthermore, stock exchanges in the Asian region were monitored varied. Hang Seng Index in Hong Kong down 0,62%, sedangkan Index STI in Singapore appreciated 0,22%, and China’s SSE Index fell 0.14%.
Switch to the New York stock exchange, Friday early morning last week three major Wall Street indices bloody. Dow Jones Industrial Average Index (DJIA) plummeted 0.8%. For the S&P 500 index and Nasdaq Composite, respectivelyofpresiasi 1,12% and 1,07%.
The Fed when announcing monetary policy stated that it would not raise interest rates until 2023, while the asset purchase program (quantitative easing/ QE) will still be executed with the same values as today. This means that there is no additional stimulus from the most powerful central bank in the world.
Meanwhile from the government, US President Donald Trump, indicated a stimulus greater than US $ 2 trillion. However, the Republican Party and the Democrats still do not agree on the amount of additional stimulus that will be released.
US tensions with China also exacerbated the sentiment of market players, this happened after the US Government said it would block TikTok and WeChat by Sunday (20/9/2020). The plan comes amid Oracle’s efforts to become TikTok’s partner in the US and share the same minority.
RESEARCH TEAM CNBC INDONESIA
(trp/trp)
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