Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed green again on Tuesday (9/11/2021), amid strong consumer confidence in the economic recovery.
The country’s benchmark stock exchange index closed up 0.57% to 6,669.92. Throughout the trade intraday, JCI moved at the lowest level of 6,633.21 and the highest level at the closing level of trading.
Even though it is still positive, the JCI is still not able to penetrate the all-time highest level ever created in 2018, namely at the level of 6,693.4.
Trade data noted that today’s transaction value rose to Rp 14.1 trillion. A total of 291 stocks appreciated, 228 stocks depreciated, and 150 others were stagnant. Foreign investors are recorded to have made net purchases (net buy) of Rp 630 billion in the regular market.
Foreigners are noted to be hunting for three large market capitalized bank stocks (big cap) today, namely shares of PT Bank Central Asia Tbk (BBCA), shares of PT Bank Jago Tbk (ARTO), and shares of PT Bank Rakyat Indonesia Tbk (BBRI).
Apart from hunting for three bank stocks big cap, foreigners are also recorded to collect shares e-commerce PT Bukalapak.com Tbk (BUKA), shares of state gas distribution company PT Perusahaan Gas Negara Tbk (PGAS), and shares of media and technology issuer PT Elang Mahkota Teknologi Tbk (EMTK).
The following are stocks collected by foreign investors today.
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Meanwhile, from net sales, foreigners recorded two shares of Astra Group released today, namely PT Astra International Tbk (ASII) shares and PT United Tractors Tbk (UNTR) shares.
In addition, foreigners also divested two shares big cap, namely PT Telekomunikasi Indonesia Tbk (TLKM) and PT Bank Mandiri Tbk (BMRI).
Foreigners also released shares of coal issuers, namely PT Adaro Energy Tbk (ADRO) and PT Indo Tambangraya Megah Tbk (ITMG).
The shares released by foreign investors today are:
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The continued positiveness of the United States (US) stock market is driven by the optimism of market players in the US as the Covid-19 cases in the US are increasingly controlled, labor data continues to improve, and the infrastructure stimulus bill has been passed.
On the other hand, positive sentiment also came from within the country, where Bank Indonesia (BI) on Monday (8/11/2021) announced the Consumer Survey for the October 2021 period indicating consumer confidence in economic conditions continued to strengthen in line with improving community mobility.
This is reflected in the October 2021 Consumer Confidence Index (IKK) which was recorded at 113.4, an increase from 95.5 in September 2021. The IKK uses the number 100 as a starting point. If it is above 100, it means that consumers are optimistic.
However, retail sales in September 2021 contracted or grew negatively. BI reported that Indonesia’s retail sales as reflected by the Real Sales Index (IPR) last September amounted to 189.5.
This figure is down 1.5% compared to the previous month (month-to-month/mtm) and 2.2% compared to September 2020 (year-on-year/yoy). Yoy, the contraction in September 2021 was deeper than August 2021 which was 2.1%.
“This mainly came from the Parts and Accessories Group, Other Household Equipment and the Food, Beverage and Tobacco Group. Respondents stated that the decline was due to limited public demand.”
“Meanwhile, the Motor Vehicle Fuel Group recorded an increase in line with the improvement in mobility in line with the easing of mobility restriction policies in various regions,” said a written statement from BI.
However, BI estimates that retail sales in October 2021 will grow positively. October 2021 IPR is forecast at 193, up 1.8% mtm and 5.2% yoy.
“The highest increase occurred in the Other Household Appliances Group, the Spare Parts and Accessories Group as well as Food, Beverages and Tobacco. Respondents stated that the increase in sales performance was in line with increasing public demand as the mobility restriction policy was relaxed and supported by smooth distribution,” added BI’s statement.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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