Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) ended lower in early trading on Monday (5/7/2021). The country’s benchmark stock exchange index closed down 0.29% to 6,005.61.
Since the closing of session I today, the JCI has not returned to the green zone. However, the JCI weakened in the second session and was still able to stay in the psychological zone of 6,000 at the close of trading today.
Trade data recorded that today’s transaction value fell again to Rp. 9.9 trillion and it was observed that foreign investors were still doing net selling (net sell) of Rp. 293 billion in the regular market. A total of 190 stocks rose, 314 stocks weakened and another 141 were stagnant.
From list net sell, foreigners are recorded to have collected several stocks, where bank shares big cap, namely PT Bank Rakyat Indonesia Tbk (BBRI) was released by foreigners quite large up to Rp 172 billion.
In addition, a large number of telecommunication shares of PT Telkom Indonesia Tbk (TLKM) were also released by foreigners, which reached Rp 154 billion.
The following shares were released by foreign investors today.
While from list net buy, foreigners still collect shares of PT Astra International Tbk (ASII) and shares of PT Indofood Sukses Makmur Tbk (INDF). The stocks collected by foreign investors today are:
The case of the corona virus (Covid-19) in Indonesia could have a negative impact on financial markets. In the last 2 days, the addition of cases per day is more than 27,000 people.
Yesterday, the number of Covid-19 cases was reported to have increased by 27,233 people, a slight decrease compared to last Saturday (3/7/2021), which was 27,913 people, which is a record addition of cases per day.
What is even more worrying is that active cases continue to climb, to date as many as 295,228 cases, which is a record high.
The spike in cases prompted the government to set an Emergency Micro PPKM which will take place from 3 to 20 July. The goal, so that the addition of cases per day can be reduced to below 10,000 people.
However, if the target has not been achieved, of course there is a possibility that the Micro Emergency PPKM will be extended, and threaten the economic recovery.
The manufacturing sector has already felt the effects of the surge in Covid-19 cases, even before the Emergency Micro PPKM was established.
IHS Markit reports the bad news. Manufacturing activity as measured by the Purchasing Managers’ Index (PMI) in June 2021 was reported at 53.5.
Although it still shows expansion (index number above 50), it shows a slowdown from the previous 55.3 which at that time became the highest record in recorded history.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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