Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) this week was observed to have shot up more than 2%. JCI also managed to penetrate the psychological level of 6,600 in just three days. In fact, this week the JCI almost touched its highest level ever achieved in 2018.
Launching from Refinitiv so far this week, the national benchmark stock exchange index jumped 2.34% point-to-point. Although on Friday (10/15/2021) trading yesterday the JCI tended to start to slow down, the JCI still managed to close up 0.11% and stay at the psychological level of 6,600, namely at the level of 6,633.34.
During the week, the value of JCI transactions reached Rp 87.25 trillion. Foreign investors are recorded to still conduct net buying (net buy) up to Rp 5.15 trillion in the regular market, while in the cash and negotiation markets, foreigners recorded net sales (net sell) of IDR 378 billion. So if it is totaled, then foreigners are still listed net buy amounting to Rp 4.77 trillion this week.
In the midst of the ongoing JCI rally this week, some stocks have become top losers this week. According to data from the Indonesia Stock Exchange (IDX), the six stocks that are top gainers this week, the average experienced a decline of more than 20%.
The following is a list of stocks that have become top losers this week.
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In the first position, there are hotel services issuers, namely PT Pudjiadi & Sons Tbk (PNSE) which was monitored fell almost 30% or 29.28% to be precise to the level of Rp 640/unit this week, from the previous week’s level of Rp 905/unit.
Whereas last week, PNSE shares had led the way top gainers. It is not yet known why PNSE’s shares became top losers this week.
However, it seems that investors who realized their profits in PNSE shares caused the hotel shares to become shares top losers first this week, considering that last week the price skyrocketed by more than 150%.
Furthermore, in the second position, there are shares of issuers providing solutions software ERP (Enterprise Resource Planning), namely PT Global Sukses Solusi Tbk (RUNS), which fell 24.58% to the level of Rp 356/unit, from the previous week at the level of Rp 472/unit.
RUNS shares are shares that have just been listed on the stock exchange at the beginning of last September or at least they have only been traded for about a month.
While in third position is occupied by the shares of a large trading issuer of asphalt, geosynthetics and soybean meal, namely PT Agro Yasa Lestari Tbk (AYLS) which plunged 23.95% to a price position of Rp 181/unit, from the previous week at a price of Rp 238/unit. .
On Tuesday (12/10/2021), AYLS shares were included in equity securities under special monitoring.
Previously, the Stock Exchange had also temporarily suspended trading (suspension) of the issuer’s shares with a market capitalization of below Rp. 203 billion, starting the first trading session on September 22, 2021, in the Regular Market and Cash Market. This means that these shares have been suspended within 14 trading days of the stock exchange.
The suspension was carried out in connection with a significant cumulative price increase where IDX data noted that, before trading was suspended, AYLS shares rose 65% a week, in a month rose 214%, and 3 months rose 171%.
The Company started its commercial operations on May 21, 2010 and began trading on the stock exchange on February 12, 2020 by releasing 30.31% shares and successfully raising IPO funds of Rp 25.87 billion.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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