Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) again ended lively on Wednesday (31/5/2021), after a day off to celebrate Pancasila’s Birthday.
The country’s benchmark stock market index closed up 1.41% to 6,031.58 and again touched the psychological level above 6,000.
Trading data noted that 356 stocks rose, 164 stocks fell and 131 others were flat. Today’s transaction value rose to Rp 14.8 trillion and foreign investors again made a net buy (net buy) in the regular market amounting to Rp 595 billion.
Foreigners recorded a collection of several stocks, where shares of bank PT Bank Central Asia Tbk (BBCA) again became the target of foreign buying action today. In addition, the shares of the gas issuer, PT Perusahaan Gas Negara Tbk (PGAS), which were previously released, are now being collected by foreigners.
The stocks collected by foreign investors on Wednesday (2/6/2021) trading today are:
However, today, foreigners released three telecommunication shares and their supporters, namely PT Tower Bersama Infrastructure Tbk (TBIG) shares, PT XL Axiata Tbk (EXCL) shares, and PT Telkom Indonesia Tbk (TLKM) shares.
The following are stocks released by foreigners in today’s trading.
Positive sentiment came from within the country, where IHS Markit released a stronger index of manufacturing sector activity as of May, the Indonesian Purchasing Managers’ Index (PMI) for that period was at 55.3 or higher than April’s 54.6. .
A PMI reading above 50 indicates expansion, and below it indicates contraction. The May manufacturing PMI was the highest in the Republic’s history, overtaking April’s figure which was also an all-time high.
The continued increase in the expansion of the manufacturing sector is certainly good news for Indonesia, and strengthens optimism that it will escape recession in the second quarter of 2021. The manufacturing sector contributes about 20% of Indonesia’s gross domestic product (GDP).
Furthermore, the Central Statistics Agency (BPS) announced Indonesia’s inflation data for the period of May 2021. The results were not far from market expectations.
BPS reported inflation of 0.32% in May 2021 compared to the previous month (month-to-month/mtm). Meanwhile, compared to May 2020 (year-on-year/yoy), the inflation rate was recorded at 1.68%.
Collected market consensus CNBC Indonesia forecast the fifth month inflation rate of the year at 0.305% mtm. Meanwhile, the inflation rate compared to May 2020 is estimated at 1.67%.
Core inflation is reported to have grown by 1.37% YoY, exactly the same as the consensus. The increase in inflation could be an indication of improving public purchasing power.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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