Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) was finally able to close by rising 0.50% to 6,118.15 on Wednesday (18/8/21). Nevertheless, a number of stocks fell to the lower auto reject (ARB) level of 7% in the second trading session this afternoon.
Trading data shows that the total share transaction value today reached Rp 16.58 trillion, with a trading volume of 24.83 billion shares and a trading frequency of 1.60 million times.
Foreigners entered Rp 1.12 trillion in the regular market, and there was a net sell or net foreign sale in the negotiable and cash market, bringing the total foreign net buy to Rp 873 billion. In the past week, foreigners have entered Rp 1.99 trillion in the regular market and in the last month, foreign net buys have reached Rp 1.98 trillion.
In the midst of the strengthening of the JCI, several stocks were hit by the ARB.
ARB shares in trading on Wednesday (18/8)
1. Bank Ina Perdana (BINA) -7% IDR 3,720, transaction IDR 7 M
2. DCI Indonesia (DCII) -7% IDR 44,175, transaction IDR 176 Million
3. Bank Bumi Arta (BNBA) -6.99% IDR 1,065, transaction IDR 13.48 M
4. Bank Ganesha (BGTG) -6.98% IDR 240, transaction IDR 46.4 M
5. Bank MNC (BABP) -6.94% IDR 402, transaction IDR 302 M
6. Allo Bank (BBHI) -6.81% Rp 2,190, transaction Rp 21.45 M
7. Smartfren (FREN) -6.87% IDR 122, transaction IDR 395 M
8. Neo Commerce Bank (BBYB) -6.86% Rp 1,425, transaction Rp 242 M
9. Elang Mahkota (EMTK) -6.84% IDR 1,975, transaction IDR 301 M
10. Sumber Alfaria (AMRT) -6.76% IDR 1,310, transaction IDR 84 M
11. Bukalapak (OPEN) -6.74% IDR 830, transaction IDR 786 M
12. BFI Finance (BFIN) -6.67% IDR 980, transaction IDR 135 billion.
On the other hand, foreign investors bought shares in PT Bank Central Asia Tbk (BBCA) amounting to Rp 517 billion and PT Telkom Indonesia Tbk (TLKM) Rp 156 billion.
Meanwhile, foreign net sales were carried out in shares of PT Bank Mandiri Tbk (BMRI) which were sold for Rp. 154 billion and PT Indo Tambangraya Megah Tbk (ITMG) which were sold for Rp. 55 billion.
Positive sentiment in Asia emerged from Japan which reported July exports doubled on a monthly basis for the 5th consecutive month. On an annual basis, July exports jumped 37%.
The correction that hit the United States (US) stock market tends to be ignored, considering that the Dow Jones and S & P 500 indexes on the US Wall Street until last Monday had scored a rally for the fifth day in a row so that Tuesday’s correction was considered reasonable.
The market is now monitoring the direction of monetary developments in the US following the discourse on the start of tapering policy (reducing bond purchases in the secondary market).
This policy has the opportunity to trigger capital outflows in developing countries. However, the market believes that the US economy still needs to be supported, especially amid the spread of the delta variant of the Covid-19 virus.
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