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Aiming for Momentum of Santa Claus Rally in BUMN Stocks (IDX BUMN20)

Bisnis.com, JAKARTA – The Composite Stock Price Index (JCI) today, Monday (27/9/2021) closed down 0.36 percent to 6,122.

Despite the pressure on the Indonesia Stock Exchange, as many as 209 issuers managed to stay in the green zone. Even 12 percent of the total issuers share prices rose above 2 percent.

At the same time, 219 issuers reported that their shares were stagnant. Meanwhile, 325 issuers are in the red zone. Of the stocks in the red zone, 144 issuers even had their share prices fall below 2 percent.

However, when the JCI was depressed, foreign investors recorded a net purchase of IDR 355.04 billion. Completing a total of Rp27.93 trillion if calculated from the beginning of the year.

The incessant foreign funds entering the Indonesian capital market have not had an impact on the leading stocks that are chosen from the comparison index. Investors seem to be getting into development stocks a lot. As a result, the JCI during the year strengthened by 2.4 percent, while the comparison index was in the red zone and even minus to double digits throughout the year.

It can be seen from the IDX statistical data, of the 24 JCI comparison indexes, almost all of the current year’s performance (year to date) is in the red zone.

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