Jakarta, CNBC Indonesia – Composite Stock Price Index (JCI) closed again in the red zone on Monday (27/9/2021) trading earlier this week, as investors are still monitoring developments surrounding the Evergrande financial crisis.
The national benchmark stock index closed down 0.36% to 6,122.49. In the early trading session I today, the JCI had moved higher, but before 10:00 WIB, the JCI immediately reversed its direction to the red zone and did not return to the green zone until the closing of today’s trading.
Trade data noted that today’s transaction value fell again to Rp 11. trillion. Foreign investors are recorded as making net purchases (net buy) of IDR 312 billion in the regular market. A total of 206 stocks rose, 314 stocks weakened and 148 were flat.
Foreigners are recorded to have bought up many shares of banks with the largest market capitalization (big cap) second in Indonesia, PT Bank Rakyat Indonesia Tbk (BBRI), which reached Rp 257 billion today.
Besides still buying up BBRI shares, foreigners are also still collecting shares big cap terjumbo di RI, PT Bank Central Asia Tbk (BBCA).
In addition, foreigners also collected several other stocks, namely the shares of the mining heavy equipment manufacturer PT United Tractors Tbk (UNTR), the shares of the state-owned telecommunications issuer PT Telkom Indonesia Tbk (TLKM), shares of the state-owned telecommunications company PT Telkom Indonesia Tbk (TLKM). startup e-commerce PT Bukalapak.com Tbk (BUKA), and the shares of the ‘king of automotive’ issuer PT Astra International Tbk (ASII).
The following are stocks collected by foreign investors today.
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Meanwhile, from net sales, foreigners are recorded to still sell shares of the MNC Group mini bank, namely PT Bank MNC Internasional Tbk (BABP) to this day.
In addition to still releasing BABP shares, foreigners are also listed as still selling bank shares big cap PT Bank Mandiri Tbk (BMRI). Foreigners also sell shares of consumer issuers big cap PT Unilever Indonesia Tbk (UNVR), and shares of home furnishings consumer issuer PT Ace Hardware Indonesia Tbk (ACES).
The shares released by foreign investors today are:
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The development of the Evergrande case is still affecting the movement of stock exchanges, including the JCI today, where the company has not explained further about the process of paying interest on bonds denominated in United States (US) dollars which matured on Thursday (23/9/2021).
On the other hand, China’s central bank again injected 100 billion yuan (US$ 15.47 billion) or around Rp 220 trillion into the economy today. Thus, since last week, China’s central bank has injected a total of 320 billion yuan of liquidity, the most since last January.
Liquidity injections carried out by China’s central bank to calm markets that were made anxious by the problem of the Evergrande debt crisis.
In addition, market participants are also still digesting the announcement of the US central bank’s monetary policy (Federal Reserve/The Fed) which made US Treasury bond yields (Treasury) rise again and the US dollar strengthened.
All last week, yield The 10 -year US Treasury tenor rose 8.9 basis points (bp) to a level of 1.4526% which put SBN under selling pressure.
Markets are also anticipating a statement by three Fed officials later in the evening, with market participants looking for further clues on when to policy tapering (reduction of liquidity injection into the market) will be carried out, as well as the projection of the benchmark interest rate.
Chicago-area Fed President Charles Evans will speak on economic conditions and monetary policy at an event hosted by the National Association for Business Economics.
Fed Governor Lael Brainard will also speak at the event, while the President of the New York area Fed will speak at an event hosted by the Economic Club of New York.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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