Jakarta, CNBC Indonesia – This week is a week where financial markets are only open for 2 days. This caused the Composite Stock Price Index (JCI) to close earlier in the middle of this week, namely Tuesday (27/10/2020) which closed down 0.31% at the level of 5,128.23.
However, during the holidays, the JCI was lucky, because the stock market, especially Asia, experienced a compact downturn from Wednesday to Friday, even on Friday, Asia weakened badly, where the average weakening was 1% to 2%.
Behind the blessing of the early closing of the JCI, it turned out that many stocks had to undergo severe corrections by up to a dozen percent. Consider the following table.
| Losers | Change (%) |
| KBAG | -12.9% |
| KPAS | -10.0% |
| CBMF | -9.9% |
| BRNA | -9.4% |
| TDPM | -9.2% |
Sumber: AT
It was noted that the stocks that led the decline, aka Top Losers, were stocks which incidentally had a small market capitalization of under Rp 3 trillion, so that usually the share price was easily moved by irresponsible parties in certain directions, aka cornering.
In the first position, there are shares of property issuer PT Karya Bersama Anugerah Tbk (KBAG), which has fallen 12.9% during the week. Trading data recorded that KBAG shares fell to the Lower Auto Reject level, aka ARB, during the past week
Meanwhile, in second place is the cotton industry issuer PT Cottonindo Ariesta Tbk (KPAS), which is in the same boat as KOTA, which has dropped to its ARB level for a whole week and posted a decline of 10%.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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