Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) had to be corrected badly in trading this week. JCI must be willing to fall in the red zone with a decline 4,26% at level 5.016,71 impacts of the reintroduction of PSBB Total by DKI Jakarta Governor Anies Baswedan.
The JCI had indeed fallen badly, but it turned out that many stocks had to have a more severe correction than the IHSG by tens of percent. Consider the following table.
The most significant decline was recorded by PT Asuransi Tugu Pratama Indonesia Tbk (TUGU), a financial sector company, namely this insurance company that was forced to have corrected 30.05% during the week to the level of Rp.1,455 / unit.
It is known that TUGU is leading Top Losers after shares plummeted level Auto Reject Down alias ARB for 5 consecutive trading days.
Despite the decline, the trading volume of TUGU’s shares was not too large, which is below 3,000 lots per day, even on Thursday (10/9/20) TUGU’s shares were only traded as many as 197 lots with a transaction value of under IDR 30 million.
In second place, there are shares of PT Arkha Jayanti Persada Tbk (ARKA). This heavy equipment issuer has fallen by 29.11% over the past week. ARKA’s shares have fallen by more than 94% during the current year (YTD).
It is known that ARKA recently took the floor on the stock exchange and just held an IPO on July 10, 2019, with an offering price of IDR 236 / unit and managed to earn fresh funds of IDR 118 billion.
RESEARCH TEAM CNBC INDONESIA
(trp/trp)
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