Jakarta, CNBC Indonesia – Index The Combined Share Price (JCI) successfully closed green in trading on Wednesday (15/12/2021), driven by positive sentiment from the Indonesian trade balance which again recorded a surplus last November.
The national benchmark stock exchange index closed up 0.16% to 6,626.257. Even though it worked rebound to the green zone, but the strengthening of the JCI at the end of today’s trading tends to be trimmed, where at the close of the first session today, the JCI rose 0.58% to the level of 6,654.232.
Trade data noted that today’s index transaction value rose again to Rp 12.8 trillion. A total of 237 stocks appreciated, 284 stocks depreciated, and 153 others were stagnant. Foreign investors are recorded as making net purchases (net buy) of IDR 179 billion in the regular market.
Foreigners are listed as chasing five market capitalization stocks (big cap) above Rp 100 trillion today, namely shares of PT Bank Rakyat Indonesia Tbk (BBRI), shares of PT Bank Jago Tbk (ARTO), shares of PT Bank Central Asia Tbk (BBCA), shares of PT Elang Mahkota Teknologi Tbk (EMTK), and shares of PT Astra International Tbk (ASII).
In addition to hunting for five stocks big cap, foreigners also collect shares of service issuers leasing namely PT BFI Finance Indonesia Tbk (BFIN) today.
The following are stocks collected by foreign investors today.
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Meanwhile, foreigners also divested two shares big cap today, namely the shares of PT Telkom Indonesia Tbk (TLKM) and shares of PT Bank Negara Indonesia Tbk (BBNI).
Not only the parent released by foreigners, Telkom’s subsidiary, namely PT Dayamitra Telekomunikasi Tbk (MTEL) or Mitratel is also released by foreigners today.
In addition, foreigners also released shares of coal issuers, namely PT Bukit Asam Tbk (PTBA), shares e-commerce startup PT Bukalapak.com Tbk (BUKA), and shares of listed companies producing construction machinery and heavy mining equipment, namely PT United Tractors Tbk (UNTR).
The shares released by foreign investors today are:
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Overnight, the United States (US) reported that the Producer Price Index (PPI) rose 9.6% YoY (year-on-year/yoy), higher than the consensus estimate in the Dow Jones poll.
The increase in prices and inflation has made the market bet that the US central bank (Federal Reserve / The Fed) will soon tighten its monetary policy.
In addition, the process of reducing asset purchases (quantitative easing/QE) or tapering potentially accelerated by the Fed, from what was previously only reduced by US $ 15 billion, can now be reduced to US $ 15 billion.
Although global sentiment remains negative, the release of trade balance data which remains a large surplus has become one of the positive catalysts for domestic stock prices.
Domestically, the Central Statistics Agency (BPS) reported that Indonesia’s exports rose by almost 49% on an annual basis (yoy), while imports rose by almost 60% (yoy). In the midst of rising imports to the highest level in history, the trade balance was still in a surplus of US$ 3.51 billion in November 2021.
The trend of the trade balance surplus that continues to be a force for the rupiah to strengthen or at least stabilize. Exchange rate stability is an important key for investors, especially foreign investors.
With a stable rupiah, foreign investors will become more interested in Indonesia’s financial assets, which can trigger inflow which drives up the price of assets such as stocks.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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