If You Own These Top Gainer Shares, Consider Double Total Hip Replacement (THR)

WEEKLY REVIEW

Jakarta, CNBC Indonesia – At the close of trading on Friday (24/3/2023) the JCI closed up 1.06% at the level of 6762.

Closing the strengthening of the JCI on Friday (24/3/2023) was driven by increases in several sectors, namely the technology sector which rose 2.42%, the transportation sector 1.44%, the financial sector 1.23%, the property sector 1.83%, the basic sector industry 1.33%, cyclical sector 1.45% and non-cyclical sector 1.54%.

Here are the top gainer issuers who have made their pockets of cash overflow.

One of the health sectors, PT Haloni Jane Tbk (HALO), was included in the ranks of the top gainers in a week with an increase of 59.35%. In the movement of the issuer, which was not long ago listed, it was in the sideaway area before it increased to the highest level at Rp. 266. Where HALO is one of the manufacturers of latex gloves.

One of the technology sectors, PT Aviana Sinar Abadi Tbk (IRSX) was also the top gainer in the week, up 46.53%. Where was the increase in the IRSX share price after news heard of the development of Artificial Intelligence (AI) to manage 180 million digital transactions at Aviana. Where this is one of the expansions of IRSX.

Not to be outdone, the transportation sector, PT Batavia Prosperindo Trans Tbk (BPTR), has increased by 31.71% in a week. This increase occurred after the decline in BPTR’s share price after the rights issue on 1/20/2023. The increase in BPTR’s share price was driven by an increase in share ownership by the Main Director of PT Batavia Prosperindo Trans Tbk (BPTR), Paulus Handigdo as many as 39,108,600 shares of BPTR at a price of IDR 100 per share worth IDR 3.91 billion.

Then from the energy sector, PT Black Diamond Resources Tbk (COAL) also entered the ranks of the top gainers with an increase of 26.17%. The increase occurred after COAL touched its lowest price at Rp93 per share.

The raw goods sector of PT PAM Mineral Tbk (NICL) also experienced a weekly increase of 23.87%. It is known that NICL carried out exploration activities carried out by its subsidiary, namely PT.Indrabakti Mustika in February 2023. This exploration activity used the II method spacing 50, and evaluating the results of the exixsting drilling model block with the previous spacing 100 and 200 and producing 132 points with a depth of 1,452 m and cost Rp 365.64 million.

And other top gainers came from the banking sector PT Bank Neo Commerce Tbk (BBYB) with an increase of 21.57%. It is known that Akulaku Silvrr Indonesia has again bought 24,087,800 BBYB shares, aka 24.08 million copies. The transaction is through OCBC Sekuritas Indonesia.

Apart from the six top gainer stocks, there are also six top loser stocks that have left a hole in the bag.

One of the issuers in the primary consumer goods sector, PT Menthobi Karyatama Raya Tbk (MKTR), was among the top losers in the week, down 24.50%. MKTR decreased shortly after the opening of the suspension lock by IDX. Where MKTR is subject to suspension on March 10, 2023 in the framework of a coolingdown related to a significant increase in cumulative prices.

Issuers in other energy sectors, namely PT Bintang Samudera Mandiri Lines Tbk (BSML), also experienced a decline in the week to fall 18.98%. The decline in BSML’s share price continued after PT Goldfive Investment Capital as the controlling shareholder of BSML reduced its shareholding portion on February 9 2023. PT Goldfive Investment has sold 100,000,000 shares of BSML at a price of IDR 362 per share worth IDR 36.2 billion.

One of the issuers in the infrastructure sector, namely PT Bangun Karya Perkasa Jaya Tbk (KRYA), is also among the top losers, dropping 14.58% in a week. The decline occurred after the publication of the results of KRYA’s financial statements which experienced a decrease in profit (loss) per share where as of December 31, 2021 it was at 11.32 and fell as of December 31, 2022 to 7.69. Even though the net profit attributable to owners of the parent entity increased from IDR 5.6 billion to IDR 12.4 billion as of December 31, 2022.

Another energy sector, namely PT Petrindo Jaya Kreasi Tbk (CUAN), is also among the top losers by dropping 13.94% in a week. The shares owned by tycoon Prajogo Pangestu, which were recently listed, decreased after CUAN entered IDX monitoring due to an unusual increase in share prices (Unusual Market Activity).

There is also the banking sector, PT Bank Mnc Internasional Tbk (BABP), which is in the ranks of the top losers this week, dropping 13.04%. It is known that BABP will carry out a merger with PT Bank Nationalnobu Tbk. (NOBU). However, this sentiment was not welcomed by investors so that the share price continued to decline.

Then one issuer in the technology sector PT Wir Asia Tbk PT (WIRG) was also included in the ranks of the top losers by dropping 10.90% in a week. Until now, WIRG has not reported the results of its fourth quarter 2022 financial report. The share price is still in the sideaway area and has fallen for several days. Investors are still waiting for the results of the fourth quarter 2022 financial reports so they can ensure WIRG is still worthy of collection or vice versa.

Disclaimer: This article is a journalistic product in the form of views from CNBC Indonesia Research. This analysis does not aim to persuade readers to buy, hold, or sell related investment products or sectors. The decision is entirely up to the reader, so we are not responsible for any losses or profits that arise from that decision.

(saw/saw)