Jakarta, CNBC Indonesia – When the Composite Stock Price Index (IHSG) closed touching a level above 5,700, stocks with market cap (market cap) below IDR 5 trillion were hunted by domestic investors and led the way top gainers di Indonesia Stock Exchange (IDX).
IDX trade data shows, at the close of trading last Tuesday (24/11), the JCI closed 0.85% at 5,701, with a transaction value of Rp 13.95 trillion. There are 291 stocks up, 171 stocks down, and 171 stocks stagnant.
With this strengthening, JCI has jumped 11.96% in the last month, and in the last 6 months was able to strengthen up to 22.89%.
Foreigners were recorded to enter the negotiable market and cash at Rp 126.47 billion, meanwhile on the regular foreign market recorded a net sell of Rp 2.46 billion.
Interestingly, stocks top gainers inhabited by issuers with a market capitalization of less than Rp 5 trillion.
Top Gainers 24 Nov
1. Elnusa (ELSA), + 15.04% IDR 306, market cap IDR 2.23 trillion
2. Matahari Department (LPPG), + 12.78% IDR 1,280, market cap IDR 3.36 trillion
3. Wika Gedung (WEGE), + 12.15% IDR 240, market cap IDR 2.30 trillion
4. Three Pillars (AISA), + 8.89% IDR 294, market cap IDR 2.11 trillion
5. Global Mediacom (BMTR), + 7.69% IDR 280, market cap IDR 4.64 trillion
6. Bumi Resources (BUMI), + 7.55%, IDR 57, market cap IDR 3.89 trillion
7. Bekasi Fajar (BEST), + 5.91% IDR 197, market cap IDR 1.90 trillion
8. Adhi Karya (ADHI), + 4.88% IDR 1,075, market cap IDR 3.83 trillion
9. Paninvest (PNIN), + 4.03% IDR 775, market cap IDR 3.15 trillion
10. Steel Pipe (ISSP), + 3.23% Rp. 160, market cap Rp. 1.15 trillion
However, there are two shares that actually control top gainers Last Tuesday, namely PT PP Properti Tbk (PPRO), shot 34.29% to the level of Rp 94 / share, but the market capitalization of this subsidiary of PT PP Tbk (PTPP) reached Rp 5.80 trillion.
Furthermore, there is PT Semen Baturaja Tbk (SMBR) with an increase of up to 23.90% at the level of IDR 985 / share, with a market capitalization of IDR 9.78 trillion.
Edwin Sebayang, Head of Research at MNC Sekuritas, also looked at several listed companies in the construction sector that could be investors’ choices. For example, the parent company of PPRO, PTPP, just received a new contract of IDR 17.42 trillion as of 23 November. This amount is equivalent to 70 percent of the target for new contracts this year.
“The company is said to be optimistic about realizing new contracts in 2020, which is Rp 25 trillion,” said Edwin in his daily research.
In addition, there is PT Waskita Beton Precast Tbk (WSBP) which booked new contracts worth IDR 1.68 trillion as of October 2020, or reached 33.6% of the target set at IDR 5 trillion.
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