Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) was successfully closed in the green zone on Monday (29/11/2021). The JCI was briefly corrected at the beginning of today’s first trading session due to market concerns about the new variant of the corona virus (Covid-19).
The country’s benchmark stock exchange index closed up 0.71% to 6,608.29. At the opening of the first session today, the JCI opened down 0.13% and up to 15 minutes after the opening, the index continued to correct up to 1%. However, at around 10:30 WIB, the JCI managed to reverse direction until the closing of today’s trading.
Trade data noted that today’s transaction value tends to decline to Rp 15.3 trillion. A total of 222 stocks rose, 345 stocks weakened and 107 others were stagnant.
Even though it worked rebound and closed up, but foreign investors recorded a net sell (net sell) up to Rp 1.03 trillion in the regular market and Rp 138 billion in the cash market and negotiations, so that in total foreign net sell up to IDR 1.17 trillion.
Foreign investors made a net sale of shares in PT Astra International Tbk (ASII) to reach Rp 176 billion. In addition to ASII shares, foreigners also sold PT Bank Central Asia Tbk (BBCA) shares totaling Rp 173 billion.
From the movement of its shares, ASII shares closed up 1.27% to a price level of Rp. 5,975/unit, while BBCA’s shares ended up soaring 1.72% to a price level of Rp. 7,400/unit.
Meanwhile, foreign net purchases were made in shares of PT Telekomunikasi Indonesia Tbk (TLKM) of Rp 102 billion and in shares of PT Indo Tambangraya Megah Tbk (ITMG) of Rp 31 billion.
TLKM shares closed flying 3.24% to a price level of Rp 4,140/unit, while ITMG shares closed up 2.2% to Rp 20,875/unit.
The JCI’s gains were supported by rising telecommunication, health and financial stocks. This is reflected in the increase in the telecommunications sector index which reached 2.35%.
Then in the second and third positions were the health and financial sectoral indexes which rose 1.1% and 0.94%, respectively. The strengthening of big bank stocks by more than 1% also contributed to the appreciation of the financial sector index and the JCI.
The sentiment that moves the market today is still related to the new variant of Covid-19 called Omicron which the World Health Organization (WHO) calls more contagious than the virus that caused the initial Covid-19 and the Delta variant.
For information, this variant was first discovered in South Africa and has now been found in the UK, several European countries, and several countries in Asia such as Hong Kong.
Three major countries in mainland Europe, namely Britain, Germany and Italy, said they had found cases related to Omicron on Saturday (11/27/2021). In addition, Hong Kong and Belgium also reported cases related to Omicron in their respective countries.
Last week when WHO declared variant of concern (VOC), global financial markets corrected sharply. The major stock indexes of the United States (US), Europe and Asia were all in the red with a correction of more than 2%. Investors tend to run to less risky assets such as gold and government bonds and stay away from stocks.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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