The ADRO-HRUM-ITMG trio is furious, READ Nyungsep’s stock!

Jakarta, CNBC Indonesia – Three shares of listed coal companies, PT Adaro Energy Tbk (ADRO), PT Harum Energy Tbk (HRUM), and PT Indika Energy Tbk (INDY) were successfully closed as ‘winners’ in the second trading session on Friday (11/6/2021).

Meanwhile, the holding shares of the MNC Group PT MNC Investama Tbk (BHIT) and banking stocks PT Bank Capital Indonesia Tbk (BACA) fell as the top losers.

After having strengthened earlier this morning, the Composite Stock Price Index (JCI) finally closed in red today. JCI fell 0.20%, leaving the psychological level of 6,100, to 6,095.497 at the close of the second trading session, Friday (11/6).

According to IDX data, there were 234 rising stocks, 257 declining stocks and 159 stagnant stocks, with a transaction value reaching Rp 13.75 trillion and trading volume reaching 21.92 billion shares.

In the midst of the JCI weakening, foreign investors in the stock market entered the domestic market with a record foreign net buying of Rp 546.52 billion in the regular market. Meanwhile, foreigners recorded a net purchase in the negotiating market and cash market of Rp 2.06 trillion.

Here are 5 stocks for today’s session II top gainers and losers (11/6).

Top Gainers

1. Great East Use (TRUK), shares +14.89%, to Rp 108, transaction Rp 7.4 M

2. Adaro Energy (ADRO), +8.68%, to Rp 1,315, transaction Rp 502.8 M

3. Bank QNB Indonesia (BKSW), +8.60%, to Rp 202, transaction Rp 76.5 M

4. Harum Energy (HRUM), +7.96%, to Rp. 5,425, transaction of Rp. 87.9 M

5. Indika Energy (INDY), +7.17%, to Rp 1,420, transaction Rp 81.5 M

Top Losers

1. MNC Investama (BHIT), -6.99%, to Rp 133, transaction Rp 427.7 M

2. Sky Energy Indonesia (JSKY), shares -6.74%, to Rp 180, transaction Rp 32.6 M

3. Bank Neo Commerce (BBYB), -6.67%, to Rp 476, transaction Rp 144.8 M

4. Bank Capital Indonesia (BACA), -6.49%, to Rp 432, transaction Rp 242.5 M

5. MNC Kapital Indonesia (BCAP), -6.48%, to Rp 202, transaction Rp 94.7 M

According to the data above, ADRO’s shares soared 8.68% to Rp 1,315/share. Yesterday this stock closed down 0.41% to Rp 1,210/share. In a week, this stock managed to rise 6.91%.

The shares of the issuer made by the tycoon Kiki Barki, HRUM, also managed to rebound, soaring 7.96% to Rp 5,425/share. HRUM shares have increased 6.90% in the past week.

Then, there was INDY’s shares which rose 7.17% to Rp 1,420/share. On Thursday’s trading (10/6), this stock fell 2.21%.

The increase in the prices of the three stocks, along with other coal stocks, was driven by positive sentiments from the increase in the price of ICE Newcastle thermal coal which was approaching its highest level in a decade.

The price of coal again touched a record high throughout the year. In yesterday’s trading (10/6/) the price of the black stone futures contract closed up 4.6% to US$ 123.95/ton.

With this price increase, the global reference coal is now approaching its highest level in the last decade. Previously, the highest price of coal in 2021 was US$ 118.9/ton on 28 May. Meanwhile, the lowest price throughout the year was at US$ 75.7/ton on January 6, 2021.

In a different territory, BHIT’s shares fell to a lower auto rejection (ARB) of 6.99% to Rp 427.7 billion. The collapse of BHIT’s shares occurred after the stock exchange reopened the suspension of the shares starting this morning.

Previously, on Thursday (10/6) IDX suspended or temporarily suspended BHIT shares due to the recent wild increase.

Then, BACA’s shares fell 6.49% to Rp 432/share. BACA shares jumped as market participants took profit-taking after last Thursday’s stock soared as high as 17.26%.

CNBC INDONESIA RESEARCH TEAM

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