Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) closed at 5,461.06 at the close of trading last weekend, Friday (11/13/2020. Thus, over the past week, the main reference index for the Indonesia Stock Exchange (IDX) has advanced 2.35 %.
IDX trading data shows, although sideways Last week, trading was busy again with total transactions reaching Rp 61.59 trillion or an average of Rp 12.31 trillion per day.
With the strengthening last Friday, in the last month JCI rose 6.40% and the last 6 months was able to jump 20.57%.
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 President candidate Joe Biden and Kamala Harris in the United States (US) Presidential Election and the effectiveness of the Pfizer corona vaccine which is said to be effective at more than 90%.
Here are the stocks that rose last week.
Top 10 Stocks of the Week (9-13 November 2020)
1. Garuda Indonesia (Persero) / GIAA, + 35.54%, IDR 328, transaction value IDR 765.8 billion
2. Waskita Karya (Persero) / WSKT, + 25.33%, IDR 940, transactions IDR 1.2 trillion
3. Central Omega Resources / DKFT, + 21.15%, Rp 189, transaction of Rp 232.6 billion
4.Timah (Persero) / TINS, + 20.47%, IDR 1,030, IDR 1.2 trillion transactions
5. Kapuas Prima Coal / ZINC, + 14.53%, Rp 134, transaction of Rp 358.3 billion
6. Bank Negara Indonesia (Persero) / BBNI, + 13.91%, IDR 5,650, transactions IDR 2.6 trillion
7. Bank Rakyat Indonesia (Persero) / BBRI, + 12.36%, Rp. 4,000, Rp. 6.9 trillion transactions
8. BRI Agroniaga / AGRO, + 9.68%, IDR 408, transaction IDR 292.6 billion
9. Acset Indonusa / ACST + 8.81%, IDR 210, transaction IDR 151.5 billion
10. Alam Sutera Realty / ASRI, + 8.44%, Rp. 167, Rp. 228.5 billion transaction
Apart from these 10 stocks, there was also the highest increase recorded by shares of PT Prima Cakrawala Abadi Tbk (PCAR) whose share price managed to jump 49.01% over the past week, even though last Friday closed a 6.92% correction at the level of Rp 605 / share. ,
Even though it has ‘flown’ for a week, 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 Rp.705.83 billion so the price is easy to drivecornering) by irresponsible parties.
As for Garuda specifically, it became the star last week.
Apart from the sentiment from the news of Ustadz Yusuf Mansur who bought up the airline’s shares, the positive catalyst is the BUMN Tourism and Aviation Holding, with Garuda as a member of the Holding.
The shares that were sold the most by foreigners last week were PT Sarana Menara Nusantara (TOWR) with net sales of Rp. 419.4 billion and PT Indofood CBP Sukses Makmur Tbk (ICBP) with Rp. 163.2 billion.
Meanwhile, the most foreign-collected stock last week was PT Bank Rakyat Indonesia Tbk (BBRI), which recorded a net buy of Rp. 2.8 trillion.T Bank Central Asia Tbk (BBCA) Rp. 1.7 trillion, and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM) Rp 816.8 billion.
In its research, Reliance Sekuritas projects that the JCI movement will still be overshadowed by profit taking, especially amid the strengthening of the index which has increased significantly in the last few weeks.
“Foreign investors are seen starting to enter the Indonesian market. This can be seen from the increasing net buy of foreign investors in recent days,” wrote Reliance Sekuritas.
On the other hand, the global stock rally shows that it is starting to stall as investors assess the worsening coronavirus situation in many major countries around the world.
Fears of further economic woes could threaten a nearly 10% jump in global equities this month as investors worry about the threat of tougher action to contain the virus.
(bag bag)
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