Jakarta, CNBC Indonesia – Shares of mini-banks (banks with capital of 1-5 trillion) fell again in the first trading session Thursday (25/3/2021) morning. In fact, there were four mini bank stocks that returned to their lower auto rejection (ARB) level this morning.
Market players seem to have started to leave behind these ‘tight’ capitalized bank shares in the last week.
Even though within a week the shares of mini bank had deteriorated by almost 30%, in the last month the stocks of mini bank still showed their existence, where the average still shot above 30%, some even shot up to hundreds of percent during the last month.
The following is the movement of mini bank shares during the last week and month.
It is recorded that at least 6 mini bank shares have collapsed by almost 30% in the past week but are still rising in the last month.
In the first position there are shares of PT Bank Bumi Arta Tbk (BNBA). In today’s first trading session, BNBA’s shares fell again by 6.87% to the level of Rp 2,170 / unit and were automatically exposed to the ARB level.
During the week, BNBA’s shares have fallen by 30% or more precisely 29.77%. However, in the last month, BNBA’s shares still shot up to 58.4%.
Trade data recorded that the transaction value of BNBA’s shares this morning reached Rp. 136 million with the volume of traded transactions of 62 thousand shares. During the week, BNBA’s transaction value has reached IDR 6.2 billion and in the past month it has reached IDR 1 trillion.
Within a week, foreign investors are still buying up BNBA shares as much as IDR 50 million on the regular market. However, in the past month, foreigners released BNBA amounting to IDR 18.9 billion in all markets.
Furthermore, in second place there are shares of PT Bank Maspion Indonesia Tbk (BMAS). BMAS stock itself collapsed up to 6.99% to the position of Rp. 865 / unit in the first trading session this morning and of course it was also hit by the ARB level.
Over the past week, BMAS shares have fallen by 29.39%. Even though it has been slumping for a week, in the last month, BMAS shares are still quite existent, namely soaring up to 73.7%.
It is recorded that the transaction value of BMAS shares this morning reached Rp. 15 million with the volume of traded transactions of 18 thousand shares. During the week, BNBA’s transaction value has reached Rp. 172 million and in the past month it has reached Rp. 6.9 billion. In the last month, foreigners collected quite small BMAS shares, amounting to Rp 14 million.
Meanwhile, in the last or sixth position occupied by shares of PT Bank QNB Indonesia Tbk (BKSW), where in today’s first trading session, BKSW shares also fell 6.92% to Rp 296 / unit and were also hit by ARB.
During the week, the subsidence of BKSW shares was still better, amounting to 6.92%. Even in the last month, BKSW shares still skyrocketed to nearly 200% or to be precise 185%.
The transaction value of BKSW shares this morning reached Rp. 16 million with the volume of traded transactions of 55 thousand shares. During the week, BNBA’s transaction value has reached Rp. 16.4 million and in the last month it has reached Rp. 249 billion. In the last month, foreigners have collected BMAS shares amounting to Rp 192 million.
The increase in mini bank shares recently was driven by the narrative sentiment of digital banks and regulations on compliance with core capital by the Financial Services Authority (OJK) through POJK No. 12/2020.
The regulation requires banks to have a minimum core capital of commercial banks of IDR 1 trillion this year, IDR 2 trillion in 2021 and a minimum of IDR 3 trillion in 2022. With this regulation, banks with mini capital must find strategic investors to inject capital.
A number of mini-banks have responded to the issue of digital banks through information disclosure on the IDX website. BBHI, BACA and BBYB, for example, are planning to enter digital banks.
However, there are also a number of other mini banks that deny they will transform into digital banks, such as BGTG and Maspion Bank (BMAS). Meanwhile, ARTO and AMAR are currently registered as digital banks.
(chd / chd)
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