Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) on the perdagangan this week oflid corrected2,24% at the level 4.945,79. The increase in JCI at the end of the week could not save JCI from correction for 4 consecutive days this week.
This week’s decline was sponsored by negative sentiment regarding the certainty that Indonesia will fall into the brink of recession and rless gorgeous global data reports suggest economic recovery will be slower than expected.
The JCI had indeed dropped badly, but it turned out that many stocks were forced to have a more severe correction than the JCI by tens of percent. Consider the following table.
The most significant decrease was recorded by PT Morenzo Abadi Perkasa Tbk (ENZO), this issuer was forced to be corrected 28.97% during the week to the level of Rp. 76 / unit. It is known that ENZO is in the lead Top Losers after shares plummeted level Auto Reject Down alias ARB for 5 consecutive trading days.
This stock itself just held an initial offering, aka IPO, a few days ago, to be precise, September 14, 2020 at a price of IDR 105 / unit. lead underwriter NH Korindo Sekuritas and managed to raise IDR 41 billion in funds.
The day after the initial offering of ENZO shares continued to fall to touch the ARB level for 9 consecutive trading days.
In fifth position, PT Envy Technologies Indonesia Tbk (ENVY) shares were corrected 23.08% and caused ENVY’s shares, which were traded at Rp. 3,040 / unit at the end of last year, to fall to the lowest level allowed by the exchange, namely Rp. 50 / unit.
RESEARCH TEAM CNBC INDONESIA
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