Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) finally closed in the red zone with a significant correction today, Tuesday (5/10/2021).
JCI fell 0.86% to 6,288.05 at the close of session II. In the midst of the JCI correction, 191 stocks rose, 331 stocks weakened and 136 stocks stagnated.
The transaction value reached Rp 17.58 trillion and foreigners posted a net buy of Rp 968.06 billion. The stocks that are mostly collected by foreigners are the two state-owned bank issuers.
The shares of PT Bank Rakyat Indonesia Tbk (BBRI) were bought by foreigners for Rp. 370.3 billion. The shares of PT Bank Mandiri Tbk (BMRI) were bought by foreigners with a net buy of Rp 101.1 billion.
The shares that were mostly released by foreigners were those of PT Merdeka Copper Gold Tbk (MDKA) with a net sell of Rp 85.7 billion.
The second stock that was widely released by foreigners was PT Bank Jago Tbk (ARTO) with a net sell of Rp 50.9 billion.
Today’s JCI correction cannot be separated from profit taking after the index accelerated with an appreciation of 1.83% in yesterday’s trading.
A sharp increase in a short time is prone to be accompanied by profit-taking by traders.
On the other hand, major stock markets in Asia are also moving in the red zone. As of 15:10 WIB, the Nikkei index weakened 2.19%. The Straits Times Index fell 0.84%. While Hang Seng survived with an appreciation of 0.28%.
Starting the first week of trading in October, Wall Street’s three benchmark stock indexes closed in the red.
The Dow Jones plunged 0.94%. The S&P 500 index dropped 1.3%. The Nasdaq Composite led the declines with a 2.14% correction.
At a time when the price of fossil energy commodities such as coal continued to rally, the stock price of the issuer of this coal mining issuer began to decline. The stock price of coal issuers that fell also helped to lift the index down.
Prices of three main energy commodities, such as coal, oil and gas, continued to rally.
Finally, the benchmark coal contract price closed at US$ 249/ton. Brent oil contract price was at US$ 81.26/barrel while Asian natural gas was at US$ 32/MMBtu.
CNBC INDONESIA RESEARCH TEAM
(hps / hps)
– .
