Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) had to end today’s trading, Tuesday (30/11/2021) with a sharp correction, even though at the beginning of the session it had shot up 0.6%.
At the end of the second session, the JCI fell 1.13% to the level of 6,533.93. A total of 182 stocks rose, 351 weakened and 131 were stagnant. The transaction value reached Rp 20.7 trillion.
Along with the sharp JCI correction, foreigners also made a massive net sell in the regular market amounting to Rp 782.68 billion.
The stocks that were sold the most by foreigners were PT Bank Mandiri Tbk (BMRI) and PT Astra International Tbk (ASII) with net sells of Rp 251 billion and Rp 176.8 billion, respectively.
Meanwhile, the shares that were bought up by foreigners were PT Bank Aladin Syariah Tbk (BANK) and PT Berkah Beton Sadaya Tbk (BEBS) with net buys of Rp 157 billion and Rp 98 billion, respectively.
The majority of Asian stock markets also sank in the red, following the Dow Futures index which fell more than 1% this afternoon.
The trigger for the collapse of the global stock index is still around a new variant of Covid-19 called Omicron. After setting fire to the market last weekend, yesterday the market rebounded.
But today the market is again a feared ghost in the market. The latest developments came from Moderna CEO Stephane Bancel who said that the current vaccine was deemed less effective against the new variant.
Domestically, negative sentiment also came from the increase in PPKM in DKI Jakarta from level 1 to level 2.
The policy will be implemented starting today, November 30, 2021, until December 13. In addition, at the end of the year, the government also plans to re-implement PPKM level III to prevent another spike in Covid-19 cases.
The WHO said the Omicron variant of the coronavirus was likely to spread internationally, posing a “very high” global risk associated with a spike in infections that could have “severe consequences” in some areas.
President Joko Widodo (Jokowi) for the first time spoke about the new variant of the Covid-19 Omicron.
Speaking while giving a speech on the Delivery of DIPA and the List of Transfer Allocations to Regions and Village Funds for 2022, Jokowi emphasized that the Covid-19 pandemic was not yet completely over.
“We must remain vigilant, because the pandemic is not over yet,” said Jokowi at the State Palace, Presidential Palace complex, Jakarta, Monday (29/11/2021).
CNBC INDONESIA RESEARCH TEAM
(pap / pap)