5 These Shares Are ‘Discarded’ By Foreigners When JCI Fly 2%

Jakarta, CNBC Indonesia– The Jakarta Composite Index (JCI) remained strong in the green zone during trading, Tuesday (12/1/2020), after having entered the red zone due to the Governor of DKI Jakarta, Anies Baswedan, who was reported to have contracted the corona virus. JCI finally monitored bclosed successfully fly 2% ke level 5.724,74on trade first December Tuesday (12/1/20).

JCI managed to turn a strong green after the release of Manufacturing PMI data where IHS Markit reported manufacturing activity as reflected by the Purchasing Managers’ Index (PMI) at 50.6 in November 2020. Up nearly three points compared to the previous month’s position of 47.8in fact, it is far above the consensus that predicts Indonesia’s PMI will only be in the range of 47.2.

PMI uses the number 50 as a starting point. If it is above 50, it means that the business world is entering an expansion phase, if it is below 50 then it is still contracting.


In addition, the November inflation data released by the Central Statistics Agency (BPS) also brings good news where in November there was an inflation of 0.28% after last quarter, aka three consecutive months from July to September, Indonesia posted deflation which indicates a problem. people’s purchasing power is slack.

In November itself, the consensus still predicts an inflation of 0.21%, which means that the release of BPS is better than consensus and makes this a positive sentiment for market players because this figure indicates people’s purchasing power has started to recover and has become the highest inflation since February ago before Covid-19 broke out in the country at 0.28%.

Even so, the foreign funds that came out were getting more profusely worth Rp 736 billion only on the regular market with a transaction value of Rp. 16, 5 trillion.

Here are the stocks sold foreign net.

It was observed that the Red Plate issuer PT Telekomunikasi Indonesia Tbk (TLKM) was again the target of selling foreign investors with a net sale of Rp 190 billion. However, TLKM managed to close, appreciating slightly by 0.31% at the level of Rp 3,240 / unit in yesterday’s trade.

Subsequently appeared the names of banking issuers with large market cap, aka other Big Cap, namely PT Bank Mandiri Tbk (BMRI), which sold for Rp. 88 billion and PT Bank Central Asia Tbk (BBCA), which had a net sale of Rp. 82 billion.

Even though foreigners were showered with massive net sales, the two banking issuers were still able to go green where BMRI posted an appreciation of 3.16% while BBCA managed to climb 3.06%.

Another Big Cap issuer on this list is PT HM Sampoerna Tbk (HMSP) with an appreciation of 2.62% even though it was sold at a net foreign price of IDR 61 billion.

Most recently, DKI Jakarta Governor Anies Baswedan announced he was positive for Covid-19 after the PCR test process. Anies is one of the regional heads who announced he was positive for Covid-19.

He again appealed to the citizens of Jakarta that the Covid-19 virus can approach anyone without knowing their status, and Covid-19 is still there.

“To all residents, pray for us to recover, to return to full work at City Hall. I remind you that Covid is still there. It can come to anyone. Let’s be disciplined in using masks, washing hands regularly, maintaining distance, efforts must be made to jointly guard against the risk of transmission. “May Allah bless the city of Jakarta and protect us all,” Anies said on his YouTube channel, Tuesday (12/1).

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

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(trp/trp)


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