The Stocks of Indonesia’s Biggest Banks Spread! This is the trigger

Jakarta, CNBC Indonesia – Banking sector stocks that were listed on the Indonesia Stock Exchange (IDX) had to be corrected in today’s trade, Thursday (12/11/2020), after investors launched profit-taking. profit taking.

In today’s trading, the Infobank15 banking index fell 2.30%, which was worse than the Composite Stock Price Index (IHSG) which only fell 0.81%.

Action profit taking Investors are fair after the previous stocks in the banking sector flew for 5 consecutive days on average along with the soaring JCI during the same period.

The increase in the reference index for local bourses and stock market indexes in various parts of the world is certainly not without news of the successful effectiveness of the corona vaccine.

US pharmaceutical company Pfizer yang collaborating with BioNTech from Germany to announce that their vaccine is effective in warding off diseases caused by the corona virus (Covid-19) by more than 90% without dangerous side effects.

Watch the movements of banking stocks today, especially the four state-owned banks and BCA which are the banks with the largest market capitalization.

It was observed that 5 banking issuers on today’s trading were all corrected in the red zone with a decline led by PT Bank Rakyat Indonesia Tbk (BBRI) which fell 3.64% to the level of Rp 3,970 / unit.

BBRI posted the worst correction because in the last week it managed to shoot the highest, namely 20.66% after additional sentiment emerged. for BBRI where there will be a giant corporate action in the body of the bank with the largest assets in Indonesia.

Meanwhile, the minimum decrease was recorded by PT Bank Tabungan Negara Tbk (BBTN) with a correction of 0.62% to the level of Rp 1,590 / unit.

For the bank with the largest market capitalization on the IDX, namely PT Bank Central Asia Tbk (BBCA), was also forced to depreciate 1.30% to a level of Rp 32,275 / unit

CNBC INDONESIA RESEARCH TEAM

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(trp/trp)

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