Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) recorded a negative performance in May 2022. The index’s monthly return when compared to the close in April 2022 was minus 1.11%.
The index’s performance in May this year tends to follow its historical trend. Since In 2011-2021, the average monthly return on the JCI in May was minus 0.68%.
The probability of the JCI weakening in May is also quite high at 45%. Many associate this trend with the Sell in May and Go Away phenomenon.
However, when the index recorded a correction, there were five stocks with return fantastic in May. Some even give capital gain more than 100%.
In the first position is PT Cilacap Samudera Fishing Industry Tbk (ASHA). To note, this fishery issuer has just been listed on the stock exchange on May 27, 2022.
However, ASHA’s share price is always closed at the top auto reject (ARA) level. In just 3 trading days, ASHA’s share price rose from Rp 100/unit to Rp 244/unit or flew 144%.
ASHA shares are stocks with the most phenomenal returns for the month of May 2022.
Then in the second position there are shares of PT Trisula Textile Industries Tbk (BELL). Actually, BELL stock prices tend to downtrend.
However, the final phase of the correction trend occurred in the second week of April 2022. Since April 15, 2022, BELL’s stock price has skyrocketed without stopping.
Due to wild price movements, the stock exchange authority even locked this stock trading 2x. First on 12 May 2022 and second on 19 May 2022 until the end of the month.
The second suspension has lasted more than a week. However, when compared to the end of April 2022 until before the suspension, BELL’s share price has risen 114%.
In the third position is the share of issuer developer PT Trimitra Propertindo Tbk with the code LAND. LAND’s stock price is starting to phase uptrend since the third week of April 2022.
In the last month, return Which produced from capital gain this share reached 106%.
Next is the issuer’s stock packaging PT Argha Karya Prima Industry Tbk (AKPI) which shot up 84% throughout last May.
However, the actual stock price of AKPI tends to move sideways. AKPI’s stock price just shot up at the end of last week. In just three trading days, AKPI’s share price rose 87%.
In the fifth position is a shipping issuer, namely PT Samudera Indonesia Tbk. This SMDR-coded issuer has successfully registered capital gain by 75% in May.
Positive catalysts for SMDR’s share price are global supply chain disruptions and rising prices freight or shipping so that it also has an impact on the increase in its share price.
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There is something holding back, JCI Cancels Collapse 1%
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