Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed up 0.08% in the last trading week, Friday (11/12/2020) at the level of 5,938.33, yet again unable to break the psychological level of 6,000.
Trade data noted that the transaction value exceeded Rp 19.91 trillion, continuing to score high transaction values in the last few days. The trading volume is 27.66 billion shares with a trading frequency of 1.32 times.
The first time IHSG recorded the highest transaction value this year was on May 29, 2020 with a trade value of Rp. 16.32 trillion intra day. Not only is the transaction value the highest this year. The frequency of trading on domestic exchanges was also the highest at that time.
But then another record on Monday (30/11/2020) when the JCI fell by almost 3%. The daily transaction value of shares in the Regular Market at that time reached Rp. 32.01 trillion and a total frequency of 1.68 million times, the highest in history.
IDX data shows, in the last week (7-11 December), IHSG rose 1.98% and last month trading rose 8.79%. In the last 6 months, JCI shot up 22.50%, surpassing the Nikkei (+ 14.86%), Shanghai (+ 14.50%), and Hang Seng (+ 6.98%).
In trading last Friday, foreigners were still selling net or net sell Rp. 66.12 billion in the regular market, while in the negotiable and cash markets net sell Rp 1.2 trillion, the largest recorded by PT Surya Citra Media Tbk (SCMA). A foreign week net sell IDR 694 billion on the IDX.
Here are 10 stocks that recorded the highest gains in the last week of trading.
10 Top Gainers 7-11 Desember 2020
1. Itama Ranoraya (IRRA), + 43.78% IDR 1,330 / share, transaction value IDR 1 trillion
2. Semen Baturaja (SMBR), + 21.18% IDR 1,230, transactions IDR 1.1 trillion
3. Bank BRISyariah (BRIS), + 20.20%, Rp. 1,785, transaction of Rp. 2.2 trillion
4. BRI Agroniaga (AGRO), + 19.70%, IDR 790, IDR 1.3 trillion transactions
5. Kimia Farma (KAEF), + 19.14%, IDR 4,170, transactions IDR 2.5 trillion
6. Aneka Tambang (ANTM), + 15.54%, IDR 1,450, IDR 2.8 trillion transactions
7. Bukit Asam (PTBA) + 15.16%, IDR 2,810, IDR 1.4 trillion transactions
8. Bank Panin Dubai (PNBS) 13.89%, IDR 82, transaction IDR 164.3 billion
9. Smartfren Telecom (FREN) 13.85%, IDR 74, IDR 1.3 trillion transactions
10. PGN (PGAS) 13.75%, IDR 1,655, IDR 2.7 trillion in transactions.
Data noted, IRRA’s shares skyrocketed 21.18% in a week in line with the company’s good business prospects. Management Itama Ranoraya estimates that this year’s revenue and net profit growth can exceed the target.
Net profit growth could reach 30% this year, compared with the initial estimate of only 20% or to IDR 40 billion. Revenue is also expected to exceed the predetermined estimate by an increase of 20% /
As of September, the issuer who distributes medical devices and disposable syringes recorded a net profit of IDR 35.47 billion, up 475% from the September 2019 period of IDR 6.17 billion.
In his explanation, IRRA management explained that the classy net profit increase was one of which was also contributed by the additional income in other income accounts that came from the increase in share price. buyback (repurchase of shares).
Meanwhile, BRIS shares on Friday’s trading were in order top gainers second, with an increase of 19.80%, thus making the week’s strengthening reach 20.20%.
Foreigners bought Rp. 50 billion and a month foreign investors entered BRIS shares reaching Rp. 124 billion. In the last 6 months, the shares of the subsidiary, PT Bank Rakyat Indonesia Tbk (BBRI), which will soon merge with two other state-owned sharia banks, shot up 458%.
The CNBC Indonesia Research Team assessed the positive sentiment for BRIS due to the clarity of the plan to merge the businesses of BRIS, PT Bank BNI Syariah (BNIS) and PT Bank Syariah Mandiri (BSM).
The merged bank will be named PT Bank Syariah Indonesia Tbk with the fixed ticker code BRIS. This name will be used effectively by BRIS as the survivor entity.
Post-merger, the Merged Bank will have a management composition strengthened by 10 Directors. The names of each Board of Directors, Board of Commissioners and Sharia Supervisory Board (DPS) of the Merged Bank will be discussed at the BRIS EGM which is expected to be held on 15 December 2020.
The Merged Bank will have assets of up to Rp. 214.6 trillion with a core capital of more than Rp. 20.4 trillion. The number of assets and core capital places the Merged Bank in the list of the top 10 largest banks in Indonesia in terms of assets, and the TOP 10 largest Islamic banks in the world in terms of market capitalization in the next 5 years.
Head of Research Mirae Asset Sekuritas Hariyanto Wijaya in his research assessed another factor that has contributed to the positive reactions of current market players, namely the latest economic developments, especially the increase in commodity prices for nickel and crude palm oil (CPO).
“It is believed that market players will continue to see hope for improvement in conditions and predict that there will be economic improvement in Indonesia next year,” he said.
PT Phillip Sekuritas Indonesia Equity Analyst, Anugerah Zamzami Nasr, assessed that the JCI will at best reach a psychological level of 5,700 to 5,800 by the end of this year.
“But the catalyst of net inflow [aliran modal keluar] heavy news and progress regarding the production and distribution of the Covid-19 vaccine could have the opportunity to bring the index to 5,700-5,800 by the end of the year, “he explained.
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