Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed corrected on Tuesday (11/23/2021), exacerbated by the correction in big-name banking stocks in Indonesia as investors made a net sale in these shares.
The country’s benchmark stock exchange index closed down 0.68% to 6,677,876. At the beginning of the first trading session today, the JCI opened 0.11% lower to the level of 6,716.16. Then throughout trading, the index moved in the range of 6,662.54 to 6,732.90. JCI also came out of its psychological level at 6,700.
Trade data noted that today’s transaction value tends to rise slightly to Rp 14.9 trillion. A total of 177 stocks were corrected, 349 stocks rose and 143 others were stagnant.
Foreign investors also recorded another net sell (net sell) of Rp. 142 billion in the regular market in today’s trading.
The stranger took off again shares of new telecommunication tower issuers listing on the stock exchange yesterday, namely PT Dayamitra Telekomunikasi Tbk (MTEL) alias Mitratel for Rp 144 billion.
In addition, foreigners also released three bank shares with large market capitalization (BBRI), namely PT Bank Rakyat Indonesia Tbk (BBRI) shares, PT Bank Negara Indonesia Tbk (BBNI) shares, and PT Bank Jago Tbk (ARTO) shares.
Foreigners also sold shares of Semen Gresik producer PT Semen Indonesia Tbk (SMGR) and shares startup e-commerce PT Bukalapak.com Tbk (OPEN).
The following shares were released by foreign investors today.
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Meanwhile, from net purchases, foreigners recorded collecting three shares big cap, namely shares of PT Telekomunikasi Indonesia Tbk (TLKM), shares of PT Astra International Tbk (ASII), and shares of PT Unilever Indonesia Tbk (UNVR).
Apart from collecting three stocks big capForeign companies also collect shares of telecommunication tower issuer PT Tower Bersama Infrastructure Tbk (TBIG), coal mining issuer PT Indo Tambangraya Megah Tbk (ITMG), and shares of consumer issuer Indofood subsidiary PT Indofood CBP Sukses Makmur Tbk (ICBP).
The stocks collected by foreign investors today are:
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Big bank stocks tend to end with a correction, while coal stocks closed with appreciation.
Wall Street again closed less enthusiastic overnight. The S&P 500 index was down 0.32%. Only the Dow Jones Index strengthened, and even then, it strengthened slightly by 0.05%. Previously green tech stocks should fall into the correction zone.
Previously, the United States (US) financial market was also waiting to see whether the chairman of the US central bank (Federal Reserve / The Fed), namely Jerome Powell, was re-nominated to lead the most important monetary authority. powerful in the world by US President Joe Biden.
Meanwhile, another candidate for chairman of the Fed who is also a rival to Powell, namely Fed Governor Lael Breinard was nominated by the White House as Deputy Chair.
Furthermore, Powell and Brainard must first obtain approval from the Senate which is currently controlled by the Democratic Party (Joe Biden’s party). Even though the US Senate vote is still divided, the risk of uncertainty still looms over the market.
Meanwhile, from within the country, the release of money supply data (M2) showed an annual growth of 10.4% (year-on-year/yoy) in October 2021, higher than the previous month’s 8.2% (yoy).
However, the index that has already broken through all time high (ATH) only yesterday made the domestic stock market prone to correction due to a sell-off (profit taking) by para trader as happened today.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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