Jakarta, CNBC Indonesia – In the second trading session, shares of State-Owned Enterprises (BUMN) in the second trading session of Thursday (28/1/21) collapsed quite deeply, amid severe corrections to the Jakarta Composite Index (JCI) in the second trading session today.
At 2:05 p.m., it was noted that at least 10 BUMN shares had corrected deep enough to reach the allowable lower auto rejection (ARB) level of around 7%.
Check out the movement of BUMN shares that were hit by the ARB level in today’s trading session II:
It was recorded that BUMN shares that were hit by the ARB level today were led by construction issuers, namely PT PP Tbk (PTPP), which collapsed 6.99% to the level of Rp 1,730 / unit.
In the second and third positions are occupied by the duo of PT Bio Farma (Persero) ‘s subsidiaries, namely PT Kimia Farma Tbk (KAEF) and PT Indofarma Tbk (INAF). KAEF’s shares fell 6.94% to Rp 3,350 / unit, while INAF shares also fell 6.94% to Rp 3,220 / unit.
Meanwhile, in 10th position, there is PT Aneka Tambang Tbk (ANTM) shares which are also included in the shares of SOEs affected by ARB today, where ANTM’s shares fell 6.67% to Rp 2,380 / unit.
The Composite Stock Price Index (IHSG) at the opening of the second trading session Thursday (28/1/21) opened a severe drop of 2.01% to 5,986.72 levels, leaving the psychological level of 6,000.
Trade data noted that at the start of the second trading session today, foreign investors made net selling of IDR165 billion in the regular market with today’s transaction value of IDR 10.99 trillion.
The collapse of the stock exchange in the United States (US), Wall Street triggered the correction of the JCI, as the benchmark index for Uncle Sam’s country shares fell more than 2% at the close of trading early this morning.
Wall Street’s correction in the red zone with a quite severe correction of course could be a negative sentiment for Asian Stocks.
The depreciation of Uncle Sam’s stock can cross the continent and spread fear in the market which could cause the benchmark index to lose before competing.
In the US itself, in accordance with market expectations where the Fed will not raise interest rates and will continue to purchase large amounts of bonds to inject liquidity into the market so that market fears of taper tantrums are unfounded because the position made by the Fed is still a monetary policy position. loose.
The Fed’s open market committee keeps interest rates at 0% to 0.25% and keeps bond purchases at US $ 120 billion per month.
The US Central Bank gave a signal that the path of the US economy will depend on the case of corona, one of which is how the progress of vaccinations, where the Fed said this public health crisis is disrupting economic activity,
The Fed governor himself said that the US Central Bank would take Wait and See steps against the potential for inflation after the corona pandemic, although he thought this would still be a long time.
“The economy will still be well below the target of unemployment and inflation rates and it will be a long time before substantial progress is made,” said Jay Powell.
Powell also said stocks that have raced in recent periods have not been the result of monetary policy being undertaken but rather fiscal policy and expectations of vaccines.
(chd / chd)
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