Jakarta, CNBC Indonesia – Instead of trying to penetrate the all-time high of 6,693, the Composite Stock Price Index (JCI) actually dropped, leaving the psychological level of 6,600 at the close of the first trading session on Thursday (28/10/2021).
Investors seem to be still worried about Covid-19 cases in the country and in a number of countries, such as Singapore and China.
In addition, other negative sentiments for the JCI are also related to the development of the liquidity crisis of property companies in China and the rally in commodity prices has also begun to slacken ahead of the COP26 climate conference conference which begins on Sunday.
According to data from the Indonesia Stock Exchange (IDX), the JCI plunged 1.02% to 6,535,076 with a transaction value of Rp 7.72 trillion and a trading volume of 13.74 billion shares at the close of session I today.
Meanwhile, 125 stocks rose, 387 fell, and 136 stocks remained stagnant. In the midst of the JCI correction, foreign investors flocked to the Indonesian stock exchange with a record net sale of Rp 203.04 billion in the regular market and a net sale of Rp. 18.71 billion in the negotiated and cash market.
State-owned coal stock PT Bukit Asam Tbk (PTBA) and the giant bank duo PT Bank Rakyat Indonesia Tbk (BBRI) and PT Bank Central Asia Tbk (BBCA) became the shares with the most foreign auctions.
Foreigners made a net sale in PTBA shares reaching Rp 55.7 billion, in BBRI shares at Rp 46.7 billion, and in BBCA shares at Rp 35.1 billion. The three stocks also fell by 5.04%, 0.93% and 1.01%, respectively.
The negative sentiment for the JCI from within the country is related to the Covid-19 cases in a number of provinces which were reported to have increased.
This condition then made President Joko Widodo (Jokowi) start to get nervous, and made all heads of state to be wary.
Minister of Communications and Informatics Johnny G. Plate said President Jokowi instructed all regional heads to be aware of the increase in Covid-19 cases by intensifying anticipatory strategies ranging from strengthening health protocols to accelerating vaccinations.
“This directive was conveyed by President Jokowi directly to regional heads throughout Indonesia in a virtual meeting regarding the current situation in handling COVID-19, last Monday (10/25/2021),” Johnny said in a statement, Wednesday (27/10/2021). .
Jokowi’s directive was given in connection with the evaluation data on the Implementation of Community Activity Restrictions (PPKM), which showed an increase in cases in 105 regencies/cities.
The daily cases of Covid-19 in Indonesia in the last three days seem to show an upward trend. The Covid-19 Handling Task Force reported that there were an additional 719 new in the period Tuesday (26/10/2021) at 12.00 WIB to Wednesday (27/10/2021) at 12.00 WIB.
This figure is higher than yesterday and the previous day which recorded 611 cases and 460 cases, respectively. As of Wednesday, a total of 4,241,809 Covid-19 positive patients in Indonesia.
However, the good news is that the number of recovered cases increased by 944 patients, higher than the addition of new cases on Wednesday. In total, recovered cases reached 4,085,775 cases.
Furthermore, the number of deaths increased by 29 people, bringing the total number of deaths to 143,299.
NEXT: Singapore’s Covid-19 Cases to Bad News from China
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