Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed with an appreciation of 0.80% to 6,126.69 on Friday (3/9/21) trading after being corrected for 2 consecutive days in early September trading.
Even though the JCI managed to fly, it turned out that many stocks actually collapsed to the lowest level permitted by the regulator aka ARB (bottom auto reject), which was a correction of 7%.
Following are the stocks with the worst corrections with qualified transaction values in today’s trading, referring to IDX data:
It was recorded that there were 9 stocks that collapsed to the ARB point. The correction was led by shares of property issuers which were recently bought up by Ustadz Yusuf Mansur of PT Repower Asia Indonesia Tbk (REAL) which fell 6.96% to the level of Rp 107/unit.
Furthermore, shares that have just made an initial public offering (IPO) are also included in this list, namely PT Hasnur Internasional Shipping Tbk (HAIS) which fell 6.90% to a price level of Rp. 324/unit. HAIS has just been on the stock exchange for 3 days.
Then there was the mini banking duo of PT Bank MNC International Tbk (BABP) and PT Bank Neo Commerce Tbk (BBYB) which collapsed 6.83% and 6.71%, respectively.
BABP shares corrected after news emerged that BABP’s rights issue worth Rp 4 trillion would only be absorbed by around Rp 200 billion by BABP’s controller, PT MNC Kapital Indonesia Tbk (BCAP) owned by tycoon Hary Tanoesoedibjo.
Furthermore, stocks that had gone up wildly over the past week were also forced to collapse to the ARB level. The shares include PT Widodo Makmur Unggas Tbk (WMUU), PT Centratama Telekomunikasi Indonesia Tbk (CENT), and PT PAM Mineral Tbk (NICL).
CNBC INDONESIA RESEARCH TEAM
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