Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed down 0.35% to 6,632.97 in today’s trading, Thursday (21/10/21).
At the beginning of trading, the JCI had strengthened. However, after 30 minutes, the JCI reversed its direction and fell into the correction zone.
JCI traded at the lowest level at 6,602.07 and the highest level at 6,687.13. By the end of the trading closing, 188 stocks rose, 347 weakened and 127 stagnated.
The transaction value reached Rp 20.31 trillion. Foreigners still posted net purchases in the regular market of Rp 587.52 billion.
Shares of PT Bank Rakyat Indonesia Tbk (BBRI) and PT Telkom Indonesia (Persero) Tbk (TLKM) became the most foreign-collected stocks with a net buy of Rp 218.7 billion and Rp 201 billion, respectively.
Meanwhile, the shares of PT Bank Central Asia Tbk (BBCA) and PT Astra International Tbk (ASII) were the two stocks that were most widely sold by foreigners. Foreign net sells in the two shares amounted to Rp 177.2 billion and Rp 122.6 billion.
For today’s trading, there are actually a number of good news from inside and outside the country. However, the JCI had to run aground because it had risen quite significantly throughout October.
From abroad there is news from Wall Street which was closed overnight. The Dow Jones and S&P 500 indexes rose 0.43% and 0.37%, while the Nasdaq Composite edged down 0.05%.
The second sentiment came from Europe where the UK reported inflation data in September grew lower than the previous month and also lower than analyst estimates.
Furthermore, the third sentiment came from China, where the property company with the largest debt in the world – China Evergrande – was reported to have paid coupons for domestic bonds that matured on Tuesday (19/10).
Meanwhile, Bank Indonesia (BI) in its monetary policy announcement yesterday estimated that the current account in the third quarter of 2021 would experience a surplus. So that it can strengthen Indonesia’s fundamentals.
An increase that is too high does open up opportunities for traders to cash out their funds or take action profit taking. However, today’s JCI correction is still at a reasonable level.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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