Jakarta, CNBC Indonesia – Composite Stock Price Index (JCI) again closed collapsing on trading Wednesday (8/9/2021), after Bank Indonesia released data on the consumer confidence index (IKK) in the August period which experienced a decline.
The country’s benchmark stock exchange index closed down 1.41% to 6,026.02. The JCI is almost out of its psychological zone at 6,000.
Trade data noted that today’s transaction value rose to Rp 12.1 trillion. It was observed that foreign investors made net sales (net sell) of Rp 645 billion in the regular market. A total of 138 stocks rose, 376 stocks weakened and another 142 flat.
Foreigners are listed as releasing at least four bank shares big cap today, namely shares of PT Bank Rakyat Indonesia Tbk (BBRI), shares of PT Bank Central Asia Tbk (BBCA), shares of PT Bank Jago Tbk (ARTO), and PT Bank Negara Indonesia Tbk (BBNI).
In addition to divesting four bank shares big cap on this day, foreigners to this day are recorded still surpassing consumer stocks big cap PT Unilever Indonesia Tbk (UNVR).
The following shares were released by foreign investors today.
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On the other hand, from foreigners who buy shares today. The majority of foreigners are hunting for coal mining stocks today, namely PT Bukit Asam Tbk (PTBA), PT Adaro Energy Tbk (ADRO), and PT Indo Tambangraya Megah Tbk (ITMG).
In addition to collecting coal stocks, foreigners also collect two stocks big cap, namely shares of PT Astra International Tbk (ASII) and shares of PT Bank Mandiri Tbk (BMRI).
The stocks collected by foreign investors today are:
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Indonesian people are increasingly not confident in facing the current economic situation and the next few months. Restrictions on activity and mobility to control the corona virus pandemic (Coronavirus Disease-2019/Covid-19) have slowed the wheels of the economy.
This is reflected in the Consumer Survey conducted by Bank Indonesia. In the period of August 2021, the Consumer Confidence Index (IKK) was at 77.3. A decrease compared to the previous month which was 80.2.
“The Bank Indonesia Consumer Survey in August 2021 indicated that consumer confidence in economic conditions was still on hold, in line with the continued mobility restriction policy during the survey period to address the spread of the Delta Covid-19 variant. This was reflected in the Consumer Confidence Index (IKK) in August 2021 of 77. ,3, lower than 80.2 in July 2021,” said BI’s written statement released Wednesday (8/9/2021).
The IKK uses the number 100 as the threshold. If it is below 100, it means that consumers are pessimistic about the current economic outlook for the next six months.
However, continued BI’s statement, consumer expectations for future economic conditions began to improve, especially in consumer expectations which strengthened both in terms of income and future business activities. This is driven by improved mobility in line with the relaxation of restrictions on community activities.
The trigger for concern is none other than the re-emergence of the delta variant of the Covid-19 virus transmission, prompting global investment bank Goldman Sachs to cut its forecast for US economic growth in 2021.
On Wednesday, the US Department of Labor will release employment data and a survey of people leaving the job market.
This data will be noticed after yesterday’s salary slip data turned out to be disappointing with only 235,000 new payslips being printed, far from market expectations of 720,000.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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