Jakarta, CNBC Indonesia– Composite Stock Price Index (IHSG) on perdagangan this week shot fast 2,35% and closed on level 5.461,05. Homeland capital market reference index still able to fly to continue last week’s rally.
Positive sentiment is indeed flooding the capital market, both the domestic capital market and the global capital market in the form of the victory of Democratic Presidential Candidate, Joe Biden in the United States (US) Presidential Election and the effectiveness of the Pfizer corona vaccine which is said to be more than 90%.
The flight of the JCI triggered several stocks to soar, such as the following stocks which were able to fly up to tens of percent.
The highest increase was recorded by shares of PT Prima Cakrawala Abadi Tbk (PCAR), whose share price managed to jump 49.01% over the past week. Even though flying, it turns out that the increase in PCAR is not accompanied by large trading volumes and the company’s market capitalization is relatively small, which is only IDR 705 billion, so the price is easy to drive.cornering) by irresponsible parties.
Furthermore, in second place was PT Garuda Indonesia Tbk (GIAA) which managed to fly 35.54% to the price level of IDR 326 / unit after receiving an injection of various positive sentiments.
The first sentiment of GIAA’s share increase is of course the emergence of the Pfizer vaccine which is said to have an effectiveness of above 90%. With the success of the corona vaccine that is in sight, of course the public has expected that Covid-19 will soon be eradicated.
If you have succeeded in winning against Corona, of course the airline sector will benefit because later people will return to the courage to travel using airplanes both for travel and for other business purposes.
In addition, the second positive sentiment comes from the establishment of a tourism holding by the Ministry of State-Owned Enterprises (BUMN). With the formation of a tourism holding, of course this is good news for GIAA, which will later become one of the children of the hoding.
Later, if fresh funds are needed, the tourism holding can issue bonds where the bargaining power of the holding will be stronger than if GIAA issued the bonds themselves so that cost of funds can be pressed.
RESEARCH TEAM CNBC INDONESIA
(trp/trp)
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