Jakarta, CNN Indonesia —
Price Index Share Combined (IHSG) freefall at the close of Friday (26/11). The index fell 137.79 points, or 2.06 percent, to 6,561 from the open at 6,699.
As many as 476 stocks fell, only 99 stocks rose, and 98 others did not move. Meanwhile, foreign players recorded net sales of Rp. 184.84 billion.
Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said the weakening was caused by profit-taking (profit taking) because there are concerns the US central bank The Federal Reserves will tighten monetary policy in order to suppress inflation data which is expected to worsen.
“So sell off from emerging market (developing markets), including Indonesia,” he told CNNIndonesia.com, Friday (26/11) afternoon.
In addition, he said the weakening was also caused by the lack of sentiment from within the country, especially the release of economic data.
Meanwhile, Founder of ARA Hunter Hendra Martono said the weakening was caused by the entry of the Botswana variant of COVID-19 from South Africa to several countries in the world, such as Hong Kong, Israel, and others.
Then, he assessed that the rivalry between workers and the government through the Copyright Law also added to the negative sentiment in the Indonesian capital market.
“One of the sentiments is the Job Creation Act and the second is that the Dow futures fell by 1.45 percent due to concerns about the entry of the COVID-19 variant from South Africa,” he explained.
(wel / sfr)
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