Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed slightly higher on Monday (26/7/2021). The national benchmark stock exchange index closed slightly up 0.08% to 6,106.39, deny the extension of Level 4 Community Activity Restrictions (PPKM).
JCI had strengthened 0.14% at the close of the first session today, even had touched its daily high, which was at the level of 6137.05 at 09:00 WIB or the beginning of session I today.
Trade data noted that today’s transaction value fell again to Rp 11.2 trillion and it was observed that foreign investors began to conduct net sells of Rp. 213 billion in the regular market. A total of 241 stocks were up, 264 stocks were down and 144 were flat.
From list net sell, foreigners are listed to have released at least four shares with the largest market capitalization (big cap), namely shares of PT Bank Central Asia Tbk (BBCA), shares of PT Unilever Indonesia Tbk (UNVR), shares of PT Astra International Tbk (ASII), and shares of PT Bank Mandiri Tbk (BMRI).
In addition to releasing four shares big cap, foreigners are also listed as releasing shares of technology issuer, PT Digital Mediatama Maxima Tbk (DMMX) and shares of telecommunications tower issuer, PT Sarana Menara Nusantara Tbk (TOWR).
The following shares were released by foreign investors today.
Temporarily off the list net buy, foreigners are recorded to still collect shares of nickel mining issuers, namely PT Vale Indonesia Tbk (INCO). Besides INCO, foreigners also collect two stocks big cap, namely shares of PT Telkom Indonesia Tbk (TLKM) and shares of PT Bank Rakyat Indonesia Tbk (BBRI).
The stocks collected by foreign investors today are:
The strengthening of the JCI occurred after the government relaxed restrictions on public activities, despite officially announcing the extension of the PPKM Level 4 status. The market responded positively to the policy because business activities with strict protocols were now allowed to open.
The basic food market can operate with strict protocols. In addition, small businesses may also be open until 21:00, and food stalls or the like are allowed to open until 20:00 WIB, and may eat at places with strict health protocols for a maximum of 20 minutes per visitor.
As a result, the market is optimistic that the spread of Covid-19 will be controlled with the extension of the PPKM, but at the same time the impact on the economy and the performance of issuers will be minimized.
The JCI rally occurred even in the midst of the correction trend in Asian markets, where Hong Kong’s Hang Seng index and China’s Shanghai Composite index fell 4% and 2%, respectively. However, Japan’s Nikkei index is still green, with a rally of over 1% or the best in Asia.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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