Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) has seen a slight correction this week, as investors are worried about the escalating conflict between Russia and Ukraine.
Throughout this week, the country’s benchmark stock market index fell slightly by 0.05% on an average basis point-to-point. On Friday’s trade yesterday (25/2/2022), the JCI closed up 1.03% to 6,888.17.
JCI movements throughout this week also tend to fluctuate. The JCI was recorded to have strengthened for three days, namely on Monday, Wednesday and Friday. While the JCI correction this week occurred on Tuesday and Thursday.
Although the JCI tends to be volatile this week, the index managed to set a new record (all time high/ATH) at 6,920.06, which was on Wednesday trading.
During the week, the value of JCI transactions reached Rp 84.6 trillion. Foreign investors are recorded to have taken net buying (net buy) to reach Rp 4.4 trillion in all markets this week.
In the midst of a slight correction in the JCI this week, several stocks managed to score the biggest rallies (top gainers) this week.
According to data from the Indonesia Stock Exchange (IDX), at least the six stocks that are top gainers so far this week has increased from 24% to 44%, some even skyrocketed to 149%.
The following is a list of stocks that have become top gainers this week.
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In the first position in the stock list top gainersthere is a canned packaging industry issuer, namely PT Pratama Abadi Nusa Industri Tbk (PANI), which skyrocketed by 148.89% to a price level of Rp 5,625/unit this week, from the previous week’s price of Rp 2,260/unit.
In fact, the IDX had also put PANI shares into further monitoring due to unusual movements or Unusual Market Activity (UMA) on Friday last week.
Indeed, last week, the company announced that it plans to increase capital with a pre-emptive rights scheme (PMHMETD) or rights issue.
To smooth this corporate action plan, the company will seek approval from the Company’s shareholders at the Extraordinary General Meeting of Shareholders (EGMS) which will be held on March 28, 2022.
It is planned that the funds raised from this corporate action will be used for investment and business development through the acquisition of new shares of 51% which will be issued by affiliated companies in the business sector. real estate namely PT Bangun Kosambi Sukses.
Furthermore, BKS will invest and develop business by taking over 51% new shares which will be issued by affiliated companies in the real estate business, namely PT Mega Andalan Sukses (MAS) and PT Cahaya Gemilang Indah Cemerlang (CGIC). The remainder will be used for working capital.
In addition to PANI’s shares, in the second position there is a telecommunications tower issuer, namely PT Solusi Tunas Pratama Tbk (SUPR) which skyrocketed by 43.97% to the level of Rp. 70,975/unit, from the previous week’s level of Rp. 49,300/unit.
SUPR shares themselves had become shares top gainers Biggest last week. In fact, the IDX had temporarily suspended (suspension) SUPR’s shares on Monday earlier this week.
The decision is given by the stock exchange in order to cooling down after the recent significant cumulative price increase of SUPR’s shares.
However, last Tuesday, the suspension of SUPR’s shares was finally reopened and the price immediately touched auto rejection above (ARA) in trading last Tuesday or after the opening of the suspension.
The latest news, on February 17, SUPR management announced, the Board of Directors of PT Global Indonesia Komunikatama (GIK) announced the results of the takeover of all GIK shares by SUPR through the national daily newspaper.
The takeover of all the shares that had been paid up and placed in the GIK was originally owned by PT Mekar Hijau Permai and PT Multi Inti Aliansi, respectively.
In addition to PANI and SUPR shares, in a row of stocks top gainersthere are shares of the MNC Group which are engaged in pay TV customer management services, namely shares of PT MNC Sky Vision Tbk (MSKY).
MSKY shares jumped 43.97% to Rp 470/unit this week, from last week’s price of Rp 376/unit.
It is not known why MSKY shares soared and became one of the stocks top gainers this week. However, the stock exchange has asked the company for an explanation of the volatility of the transaction last Wednesday.
Regardless of the number of stocks that become top gainers this week. There are also stocks that recorded a correction of almost 30% this week.
Here are the stocks that became top losers this week.
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CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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