Facing the second week of Emergency PPKM, these stocks can be glimpsed

Reporter: Kenia Intan | Editor: Tendi Mahadi

KONTAN.CO.ID – JAKARTA. The spike in Covid-19 cases in Indonesia has prompted the government to tighten people’s mobility. On Saturday (3/7) last week, the government began implementing Emergency Community Activity Restrictions (PPKM) in Java and Bali. Meanwhile, on Tuesday (6/7), the government implemented a tightening of Micro PPKM outside Java and Bali.

Even though people’s mobility has been tightened, transactions on the stock exchange are still fairly normal. The average daily transaction value on the stock exchange this week, 5-9 July 2021, reached Rp 11.80 trillion. Meanwhile, the average transaction volume reached 19.04 billion shares. The JCI closed at 6,039.84 on Friday (9/7).

This achievement is not much different from last week’s trading, June 28-July 2, 2021. Just so you know, the average daily transaction value on the stock exchange last week reached Rp 11.36 trillion, while the average daily transaction volume reached 19.34 billion. stock. The JCI closed at 6,023 on Friday (2/7).

Also Read: Entering the consolidation phase, JCI edged up 0.27% this week

Kiwoom Sekuritas Indonesia analyst Sukarno Alatas observed that the tightening of community mobility this time did not dampen investors’ interest in trading on the stock exchange. According to his observations, investors continue to make transactions in stocks that have the potential to increase, such as stocks second liner.

“Second liner Many are targeted because of their aggressive movements and high profit potential,” he told Kontan.co.id, Friday (9/7).

Keep in mind, the risk of these stocks is also high. Therefore, transactions in these shares are mostly carried out by market participants in a trading daily or short -term.

Similarly, Sucor Sekuritas analyst Hendriko Gani observed that during the last few months, when the JCI did not experience much movement, domestic investors tended to invest in stocks. second liner and third liner. This trend will continue as long as economic conditions have not recovered.

“I think the market will still be crowded to issuers with positive sentiment and leaning towards second liner,” he told Kontan.co.id, Friday (9/7).

Also Read: JCI stagnated at 6,039 on Friday (9/7), foreigners recorded a net buy

Investors tend to buy technology and digital stocks, digital bank stocks, and health-related stocks. According to him, many investors go into stocks DCII encouraged by the news that the Salim Group bought up this technology stake.

In addition, banking stocks such as ARTO and BBYB also in demand. Just so you know, ARTO is interesting because it is a digital bank and has an ecosystem with Gojek. While BBYB attractive because it is a digital bank and has an ecosystem with Akulaku.

Regarding health stocks, PRDA interesting because it has balance sheet which is quite strong and trades at a cheaper valuation than the industry. Other health stocks are hospital issuers MIKA and HEAL because it is supported by positive sentiment in the midst of increasing cases of the Covid-19 pandemic.