Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) ended with a 0.74% gain at the level of 6,864.44 on Wednesday (9/3/2022). The index has consistently moved in the green zone since trading opened.
Foreign investors recorded a net buy of Rp 760 billion in the regular market. The total transaction value yesterday was quite jumbo to Rp 31.26 trillion. It turned out that foreigners were observed to make net sells in the negotiating market with jumbo values on Wednesday (9/3/2022).
Trade data recorded a net foreign sell of Rp 12.08 trillion in the negotiated and cash markets.
Observe the following market news and issuer news compiled in the CNBC Indonesia news before starting transactions on Thursday (10/3/2022):
1. SMKM Stocks Get ARB During First Debut
The share price of the public construction services issuer, PT Sumber Mas Konstruksi Tbk (SMKM), plunged to touch the lower auto rejection limit (ARB) specifically for the acceleration board by 10% on its debut, Wednesday (9/3/2022).
Before dropping to the red zone, shortly after the opening bell rang, SMKM’s shares rose to touch the upper auto rejection (ARA) limit specifically for the 9.85% acceleration board to Rp 290/unit.
In fact, SMKM has just conducted an IPO with an offering price of Rp. 264/share. All shares offered are new shares originating from the portfolio.
From the IPO proceeds, SMKM will receive Rp 66 billion before deducting emission costs. 97% of the fund is planned to be used for working capital for the company’s project construction in the future, both in the private and government sectors.
Then, the remaining 3% will be used for research and development of Human Resources (HR).
2. Mandiri Sekuritas Customers Grow 33%
The number of capital market retail customers who use the services of PT Mandiri Sekuritas grew 33% on an annual basis throughout 2021. This growth was accompanied by an increase in the number of online transactions and total customer assets managed by the company.
Mandiri Sekuritas Finance and Operations Director Heru Handayanto said that in 2021 the number of Mandiri Sekuritas customers grew supported by the millennial and Gen Z age groups. The number of retail investors from these two generations in Mandiri Sekuritas reached 70 percent.
“For retail investors in 2021, growth is quite good. The number of our customers has grown by 33%, of which 70% are Millennials and Gen Z. 90% of transactions carried out by retail investors are through our online trading facility, namely MOST,” said Heru.
Mandiri Sekuritas also noted that retail investors’ daily transactions in 2021 grew 54% on an annual basis. Then, the number of Customer Fund Accounts increased by 43% in the same period. Total assets managed by Mandiri Sekuritas grew by more than 16%. This amount is a combination of portfolio assets and cash from investors.
3.BKDP & KONI are no longer monitored by the exchange, ARA levels are back to normal
Two issuers have just been removed from the List of Equity Securities under Special Monitoring by the Indonesia Stock Exchange (IDX), namely PT Perdana Bangun Pusaka Tbk (KONI) and PT Bukit Darmo Property Tbk (BKDP).
Starting Thursday (10/3/2022), the two issuers will be free from the “X” sign by the stock exchange authority. Both were included in the special monitoring list of the regulator on February 8, 2022 because of category 10, namely because their shares were suspended for more than a day due to a significant increase in share prices.
With the release of the two stocks from the special monitoring list, the highest level of daily increase aka Auto Rejection Upper (ARA) for the two stocks will return to normal, namely 25%, up from when they were still under IDX monitoring at 10%.
4. BPFI Shares Soared 10%
PT Batavia Prosperindo Finance Tbk (BPFI) shot up throughout trading Wednesday (9/3/2022). This happens as a Korean company, Woori Card Co., Ltd, will acquire all BPFI shares owned by PT Batavia Prosperindo Internasional Tbk (BPII) for Rp. 1 trillion.
PT Batavia Prosperindo Internasional Tbk (BPII) will sell its entire shareholding in BPFI to Woori Card Co., Ltd.
In its disclosure of information, BPII as the owner of 1,984,557,870 shares or 74.22% of the total paid-up capital in BPFI, together with several other shareholders, on March 4, 2022, signed a Conditional Share Purchase Agreement with Woori Card Co. Ltd as the buyer.
5. Shares of BUMN Karya Terbang
Share prices of BUMN Karya, along with a number of other construction issuers, closed sharply on Wednesday (9/3/2022). The increase in these shares occurred as President Joko Widodo (Jokowi) was rumored to be inaugurating the head of the National Capital Authority (IKN) Nusantara tomorrow, Thursday (10/3/2022).
The news about the progress of the new capital city became a positive sentiment because BUMN Karya would later be involved in working on the massive infrastructure development project at IKN Nusantara.
Shares of BUMN Karya compactly shot up, namely ADHI, PTPP, WSKT, WIKA, and JSMR. ADHI’s shares lead the standings, which is 10.49% to Rp 790/unit, amid a net foreign purchase value of Rp 2.36 billion. With this, in a week ADHI shares rose 3.27%.
Apart from ADHI shares, 4 BUMN Karya issuers are also busy being bought up by foreigners. PTPP shares recorded a net foreign purchase of Rp 9.77 billion. Its share price recorded an increase of 10.44%.
The shares of WSKT, WIKA and JSMR were also bought up by foreigners, respectively, amounting to Rp. 3.42 billion, Rp. 5.40 billion, and Rp. 9.45 billion. In addition to BUMN Karya shares, investors also collected shares of private construction issuers, such as DGIK which rose 6.71% and ACST which rose 3.87%.
6. Rows of Artists Have Promoted Binomo Cs
Indra Kenz and Doni Salmanan have officially been named as suspects in the bogus binary options investment chaos.
Apart from Binomo, which raised the name and prospered Indra Kenz, other platforms include Quotex which marketed Doni Salmanan and OctaFX which has been endorsed several times by Indonesian celebrities.
In addition, there are other applications such as Olymp Trade, IQ Option, Weltrade to Urban FX Trade.
Three weeks ago, the Investment Alert Task Force (SWI) summoned five affiliates and influencers suspected of having facilitated binary options products and illegal brokers who were not registered with CoFTRA.
Apart from the two who have been named suspects, the other three names are Vincent Raditya, Erwin Laisuman and ‘Boy’ Kenneth William.
Vincent Raditya is a pilot and YouTuber with 6.01 million subscribers, while on the Instagram platform he has 1.3 million followers. Vincent is still active on Instagram, while on Youtube the last upload was done two weeks ago.
Erwin Laisuman has almost 500 thousand followers on Instagram and 300 thousand subscribers on Youtube. Erwin has not posted photos on Instagram since January 25th, while on YouTube there is only one video that was uploaded three weeks ago stating that he has “stopped trading in binary options.”
Kenneth William, who uses the usernames @kenwilboyoriginal and @kenwilboy, has a combined total of 425,000 followers, currently his Instagram account is locked. While on YouTube with 240 thousand subscribers, the last video upload was done three weeks ago.
7.PURE Aims for Groundbreaking Nickel Smelter Later This Year
PT Trinitan Metals and Minerals Tbk (PURE) said the increase in nickel prices did not affect the performance of its business entities. Instead, PURE targets to be able to groundbreaking nickel smelters by the end of this year.
This was conveyed directly by the President Director of PURE, Widodo Sucipto to CNBC Indonesia, Wednesday (9/3/2022).
Widodo explained that the increase in nickel prices, which currently has touched US$ 100,000 per tonne, will not affect the supply or supply of raw materials in his company. However, if the increase in nickel prices continues for a long time, production costs are also expected to increase as well.
“Until now there has been no significant impact, but we will see in the next few months, whether it will continue, if it continues this impact will occur,” explained Widodo.
However, the company’s performance, said Widodo, had no effect. PURE continues to accelerate the processing of low grade nickel ore by utilizing Step Temperature Acid Leaching (STAL) technology.
(vap/vap)
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