Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed in the green zone on Monday (11/8/2021), driven by sentiment from rising energy commodity prices, especially Chinese coal.
The national benchmark stock exchange index closed up 0.77% to 6,632.297. Throughout today’s trading, the JCI was traded in the green zone without even touching the red zone. However, the JCI was still unable to touch the all-time highest level ever created in 2018, namely at the level of 6,693.4.
Trade data noted that today’s transaction value rose again to Rp 11.7 trillion. A total of 283 stocks rose, 224 stocks fell and 167 others were stagnant. Foreign investors are recorded to have made net purchases (net buy) of Rp 625 billion in the regular market.
Foreigners are recorded to still collect shares of pharmaceutical issuers, namely PT Kalbe Farma Tbk (KLBF) to this day, where foreigners bought up KLBF shares reaching Rp 185 billion.
In addition to still buying up KLBF shares, foreigners also bought up quite a large share of the first bank with the largest market capitalization, namely PT Bank Central Asia Tbk (BBCA), up to Rp 328 billion.
In addition, foreigners also collect two large market cap stocks (big cap) others, namely shares of PT Telekomunikasi Indonesia Tbk (TLKM) and shares of PT Bank Negara Indonesia Tbk (BBNI).
Foreigners also collected shares of state-owned banking company PT Bank Tabungan Negara Tbk (BBTN) and shares of heavy mining equipment manufacturer PT United Tractors Tbk (UNTR).
The following are stocks collected by foreign investors today.
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Meanwhile, from net sales, foreigners also released two bank shares big cap today, namely PT Bank Mandiri Tbk (BMRI) and PT Bank Rakyat Indonesia Tbk (BBRI).
In addition to divesting two bank shares big capForeign companies also sold shares in the Djarum Group telecommunication tower issuer PT Sarana Menara Nusantara Tbk (TOWR), Semen Gresik producer PT Semen Indonesia Tbk (SMGR), consumer issuer PT Indofood Sukses Makmur Tbk (INDF), and livestock issuer PT Charoen Pokphand. Indonesia Tbk (CPIN).
The shares released by foreign investors today are:
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Positive news came from China, where local authorities reported that coal imports almost doubled in October, which amounted to 26.9 million tons, or jumped 96.2% yearly and 18.2% monthly.
Earlier at the end of last week’s trading, energy prices such as global oil, coal and natural gas rose quite significantly. The cause is still the same, investors’ anxiety will supply and demand gap in an unsettled market.
In the short term, the increase in commodity prices, especially coal, which shot up 10 percent more than a week, could make the stock prices of domestic black stone mining issuers gain strength to strengthen.
Although fears of inflation and even stagflation still haunt the market, the prices of US stocks and government bonds continue to rise. At the end of trading Friday (11/05/2021), Uncle Sam’s three stock indexes rose more than 0.2%.
Meanwhile, the yield (yield) government bonds dropped 7 basis points (bp) to 1.45%. For drop information yield indicates that prices have increased. Rising US financial asset prices proved to be a positive catalyst for domestic financial assets.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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